diff --git "a/reddit_finance_43_250k_296.txt" "b/reddit_finance_43_250k_296.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_296.txt" @@ -0,0 +1,10000 @@ +2008 - Graduate college with a degree in Engineering. The job market sucks, and I take a few months off to backpack around Europe and Africa. + +2009 - Come back to my HCOL city and start working as a government contractor. Salary is $55k. I'm fortunate to have the option to live with my folks so I can save up. + +2010 - Switch job/company for a new salary of $63k. + +2011 - Internal job change to $68k. + +2012 - Switch job/company to $80k. + +2013 - Buy a 1 BR cooperative in in the downtown area. The building is old, and the coop fees are high, but I love the location and the neighborhood. $229k purchase price with 20% down @ 3.75% interest nets me a mortgage at roughly $850/mo. All cooperative fees + additional costs add roughly the same, for a total monthly payment of $1700. + +2014 - Internal job switch. Base salary stays the same, but I get ~$20k in commission, bringing my total to ~$110k. Get married. Luckily decide to keep our finances completely separate, which was a great idea, because... + +2015 - Get divorced. I decide to take a sabbatical in Q4; what was intended as 1 year off balloons into 2 years. I spend a year camping through Africa, 6 months in the Indian subcontinent, and 6 months thru-hiking the Appalachian trail. These were the best 2 years of my life. Total cost abroad for the 2 years was around 40k. When I return, I find that my NW is about the same as when I left. + +2018 - Find a new job with a salary of $132k. My two year sabbatical, surprisingly, does not seem to be an issue at all. + +2019 - Find a new job with an F500 company. Lower base salary, but new company allows me to do mega backdoor roth, and there are stock incentives. Total cash comp ~135k. Over the next ~18 months, my company 401k is over 100k. + +2020 - Get fired; with COVID happening decide to join a family member for a ~3 month camping road trip out west. Think a lot about what I want my life to look like, and how I can build that life. + +### Where I'm at now +* Mortgage down to ~$156k. With appreciation, my place is now worth around ~375k. (Have not refinanced, still at 3.75%. Coop fee is now almost exactly $1k/month, but this is my "all in" cost - includes all utilities, taxes, insurance, etc.) +* 205k in Betterment @ 100% stocks in default allocation +* 200k in an IRA @ 100% stocks +* 140k in a Roth IRA @ 100% stocks (I took serious advantage of the megabackdoor roth with my two years available) +* 13k in a solo 401k +* 6k in an HSA (invested) +* ~20k sitting in cash (for now) + +### My Living Expenses +I don't do a super good job tracking living expenses, but I live a fairly simple life. My main hobbies are weightlifting, bike riding, and reading. My total household costs are roughly: + +* $1850/month housing +* $250/month food +* $30/month cell phone bill +* $30/month transportation (bike share + public transit; no car) +* $45/month gym membership +* $300/month everything else (hangouts with friends, apartment stuff, clothes, etc.) + +At my current salary, I'm able to comfortably save between $5k-6k a month. + +### Back to the story... +While on the road with my brother (this is over the summer, Jul - Sep 2020), I find two candidate companies and take interviews from hotel rooms in between camping under the stars. I'm trying to figure out how to best balance my love for the outdoors with "professional" jobs that allow a couple weeks off, at best. I know I don't want to go back to working full time, but I don't really know how to go about navigating the situation. + +I take one final round interview, which goes really well. This is how the conversation goes: + +> Boss: OK, cool, the interview is over. That went well. We want to hire you. +> +> Me: ...Huh, what? You've decided already? +> +> Boss: Yeah, let's talk about what that looks like, if you want to work here. +> +> Me: ....Uh...yeah, sure. I mean, the company sounds awesome, but I'm not sure it would work out... +> +> Boss: Oh, why not? +> +> Me: Well....I don't think I want to work 12 months a year. +> +> Boss: OK. Not everyone here works full time. What do you mean, you don't want to work 12 months a year? How often do you want to work? +> +> Me: Uhh....I'm not sure? Maybe 6 months on, 6 months off? (I could feel my sphincter tighten up as I asked for this. I was totally unprepared for this conversation!) +> +> Boss: ......We can accommodate that. Any other big issues? + +I was shocked how easy it was! There was almost no push back, and no negotiations on my desire to work only 6 months a year. Luckily, I work as a consultant where projects are typically 6-9 months long, so this ask isn't as crazy as it sounds. We spent some time negotiating what the offer looked like, considering the unusual circumstances, and we settled at $75/hr 1099. + +### What the Future Looks Like +I'm super excited to have the flexibility to travel six months a year, and I know intellectually I shouldn't need to save any additional money to retire at ~60. I'm also extremely fortunate to work in a field where I love going into work every day. I plan on doing a lot more "long hikes" - the Pacific Crest Trail, the Te Aroroa, some hikes in Europe - as well as more backpacking/camping trips. + +In terms of finances, I should bring in 12.5k a month * 6 months = $75k. I haven't run all the numbers, but as a 1099 I should be able to shelter a ton of money from the IRS: + +* $19.5k 401k +* $~12k 401k ("company" match) +* $3.5 k HSA + ~3.6k in health care costs (Bronze Plan as a Single person) +* $6k IRA +* $~12k (20% passthrough as a sole prop) + +So self employment tax notwithstanding, my federal and state taxes should be quite low. + +### The Elephant in the Room - My Apartment +Every time I run the numbers, paying nearly 2 grand a month for my apartment seems crazy, especially if I only plan in living in it 6 months a year. Unfortunately my HOA rules do *not* allow renters for terms under one year. + +Another option I've considered is selling my apartment, and using the proceeds to either pay all cash for a place in a lower COL (Las Vegas? Charlotte?) and never worry about a mortgage again, or possibly try the digital nomad life for a year or two. + +In the short term, I think I'm OK holding it. When I travel overseas, I usually travel quite cheaply - either camping or staying in hostels, eating street food, walking around a lot, things like that. Even if my annual expenses balloon a bit, I would feel very comfortable pulling ~10k/year (5%) from my Betterment account to cover the delta. The other option, of course, is to work 8 or 9 months a year for a couple years if I'm drawing down my Betterment account too fast. + +### Wrap Up +I've been super fortunate with my life, and I'm really excited to see how the next phase unfolds. Please let me know what you think! + +### EDIT - FOLLOW-UP Q+A +*Q: You had help!* + +A: Yes, I thought it was so blindingly obvious that I didn't get here alone that I wasn't super explicit about that. I thought the most interesting part about this post was my desire to go half time, and how that unfolded, but I see in retrospect adding in numbers makes everyone wants to run their own calculation. + +*Q: What help did you get?* + +A: **My grandmother died in early 2019 and left me ~$70k.** This *absolutely* impacted my decision and probably moved my decision up 12-15 months. College was paid for. Leveraging family connections to get my first internship. I also kept about ~10k in cash wedding gifts even after the divorce, but that was mainly out of spite, so let's not dwell on it :) + +*Q: The numbers still don't make sense!* + +A: Technically that's not a question, but yes, they do. I'm not sure where some of the commenters were getting an "estimated NW of 300k running the numbers", but here's a more granular breakdown. These are estimates, I don't have everything tracked super well. + +Years | Yearly Cash Savings | Total Cash Savings | S&P Index Then | Equivalent $ Now | How? +---|---|----|----|----|---- +2004 - 2007 | $4k | $16k | ~1300 | ~40k | Interns were eligible for 401 (+match). I took advantage of this, heavily. I also worked during winter break, so it was more than just 3 months/year. +2009 - 2012 | $25k | $100k | ~1300 | ~250k | I was living at home, with my folks. Expenses were close to zero. My savings rate some years was probably over 80%. $25k/year is lower than I saved, I excluded the ~12.5k/year * 4 years that went towards my down payment. +2013 - 2015 | $40k | $120k | ~2000 | ~200k | By 2014 I cross into 6 figures, these savings rates are not that impressive +2018 - 2019 | $60k | $120k | ~2800 | ~140k | Megabackdoor Roth, primarily. + +Total "stock equivalent" savings = 40k + 250k + 200k + 140k + 70k (from grandma) = $700k in stocks. My actual holdings are less. The lion's share of this delta is when I pulled out $40k between 2015 - 2017 to fund my sabbatical, which has a total "cost", with gains, of closer to $65. (I also pulled out smaller amounts throughout the years for other trips.) + +*Q: There's an error in your math!* + +A: Yeah, probably. It's not intentional. + +*Q: It's impossible to buy a house for $230k in a HCOL!"* + +A: I agree that it's probably impossible to buy an apartment in 2020 in a HCOL for $230k. I bought in 2013, and I technically didn't buy an apartment, I bought a cooperative. These are similar, but coops are typically more depressed in value than apartments because of restrictions. I also bought in what was a lower income, more racially diverse area, so gentrification (and therefore house prices) hadn't quite caught up. But yeah, I got an absolute steal of a deal, if I do say so myself. + +*Q: So you took 2 years off, spent about $40k, and when you came back, your net worth was about the same? Please, explain the magic of compound interest!* + +A: For sure, my dude! I *think* I had about $350k invested in the market about that time. I pulled out about $40k, leaving me $310k. My sabbatical was almost exactly 2 years, Nov 2015 - Nov 2017. In Nov 2015, the S&P index was at ~2020. When I came back in Nov 2017, the S&P was ~2600. That's about a 30% gain. (350 - 40) + 30% > 350. Go, compound interest! (This excludes the ~8k I gained in NW by renters paying down my mortgage for me.) + +[Edit #2] +*Q: You don't understand what "compound interest" is, you noob!* + +A: lol +For context - 18 years old, first ever job making £17,500 per year as a degree apprentice software engineer and living with my parents. I get paid monthly on the 27th of each month, around £1450. + +&#x200B; + +My full list of my current expenses: + +* £50 rent (living with parents who are very generous about how much rent they want me to pay) - monthly (this is a mandatory expense) + * EDIT: some people mentioned this, they do pay for my food too + +&#x200B; + +* approx. £130 skin care products subscription - quarterly (every 3 months) + * this is about £43 per month, though is still billed quarterly + * kind of an optional expense, but I want to keep it + * This expense can be cancelled / delayed if I find myself suddenly unable to afford it + +&#x200B; + +* £34 manscaped peak hygiene plan - quarterly (every 3 months) + * this is about £8.50 per month, though is still billed quarterly + * kind of an optional expense, but I want to keep it + * This expense can be cancelled / delayed if I find myself suddenly unable to afford it + +&#x200B; + +After the above expenses I have (roughly) £1345 per month for other things. + +EDIT: national insurance and income tax brings this to about £1250-£1300 + +&#x200B; + +I'm wondering how should I budget my money, taking into account the following financial goals? + +* I'm planning to set up a LISA (saving up for a house, first time buyer) and save up around £333 monthly into that +* Planning to set up an emergency savings account, though I have no idea how much I should put into that monthly. +* One of my short-term financial goals right now is to purchase a good laptop for university studies during my 4 year long degree apprenticeship. (I want to have purchased this in a few months from now and already have some money saved up). +* A long-term financial goal is buying a house in a few years from now. +* My parents are kindly buying a car / driving lessons for me +* Another (1 year or more) long-term financial goal is to save up for one of those fancy new Pimax Frontier VR headsets coming out next year (around £2000 - £2500) +* At some point when I have my emergency fund at a good size, I would like to start getting into investing, + * and also taking out small manageable loans (one at a time) to buy sensible things (such as the laptop mentioned above?) to build up credit history ready for when I eventually apply for a mortgage or something. +# Introduction + +Hey all, [after the announcement by Piñata that they will be working directly with GameStop](https://www.reddit.com/r/Superstonk/comments/t5jnzk/pi%C3%B1ata_head_of_product_confirms_gme_partnership/) as a host of their NFT content, I'd like to take a minute to help everyone understand why this is such a big deal. First, let's talk about one of the biggest problems and legitimate arguments against NFTs that until now, has not been solved. + +**Quick Disclaimer: I'm using NFT art as an example in order to simply explain these concepts. The reality is that NFT art is only one of potentially thousands of unique real world use cases that NFTs offer.** [Check out my previous DD that explores just a few of the potential use cases.](https://old.reddit.com/r/Superstonk/comments/rtn7vz/my_theory_on_the_nft_marketplace/) + +# The Problem with NFTs + +The NFTs of today are very simple at their core. Each NFT exists as a block of data on the chain that is very much like every other block, in that it represents a completely unique hash and can also contain some custom lines of code that are also stored on the block chain and cannot be changed. Note that I said a few lines of code, and not an image file (like a jpeg). Instead of having an unchangeable image file stored on the chain, you get a few lines of code that point to an external URL that is hosting the image file of the jpeg. **Yes you heard that right. The NFT does not actually contain the image file, it points to an outside website that is hosting the image file.** Some of you may already be realizing why this is a problem. For those of you who don't, read on. + +There is a reason for the fact that the image itself is not stored on the chain, and it's that **committing information to the Blockchain is expensive** (can be equated to the processing power required to calculate and rewrite the entire chain on each node to contain this new block). Blockchain at its core works by having an exact copy of itself located on many decentralized machines. People like you and me can use our computers to operate as nodes and contribute our processing power to calculating and rewriting the chain in order to add new blocks to the chain. Each node operator has an exact copy of the chain stored on their PC (less than 100GB of data at this current time). Whenever a new block is added to the chain, all of the nodes update their copy of the chain together, agreeing upon a single immutable and non-fungible "true copy". This is called the consensus protocol, and it's why Blockchain is so secure. Essentially, the consensus protocol makes sure that every new block that is added to the Blockchain is the one and only version of the truth that is agreed upon by all the nodes in the Blockchain. Now you can start to understand that the more information you write to the chain, the more information that every node now has to process to rewrite the chain to contain your new block. This means it is prohibitively expensive to store large amounts of data on the chain. + +Now that we know why the images aren't stored directly on chain, why does it matter (and why is it bad) that the NFT instead points to an outside URL (website) that is hosting the image that the NFT is intended to represent? Well, external URLs are fungible. **Web2 is fungible. It can be changed, deleted, hacked, altered and in general is just not a sure thing.** The host of the website can decide they no longer want to commit to paying for the server space to host your NFTs image. Now your NFT is broken and points to nothing and is therefore worthless. The host might go out of business and can no longer afford to host the image. Now your NFT is worthless. The image host just might not like your content and decides to take it down. Now your NFT is worthless. See why having things linked to NFTs off chain creates some problems? + +# Piñata - The Solution + +Now let's talk about Piñata and how it works to solve these problems. [Seriously watch this video](https://pinnie.mypinata.cloud/ipfs/QmVzQdLztGgzvvYatzCpgubqM3VZPyGa6xbzieAyFNRGcY?stream=true) , it'll Jacque your Teets. +Using the decentralized protocol called [IPFS](https://youtu.be/5Uj6uR3fp-U) and CID content identifier technology, **Piñata creates a trustable, secure, and decentralized consensus method of hosting large quantities of data off chain to be linked to an on chain NFT, without sacrificing the security of Web3.** This is a huge leap forward in maintaining the security of the NFTs off chain data and vastly legitimizes their use cases that involve third party web based storage and hosting by moving it to a Web3 based decentralized platform built on IPFS. This essentially negates the largest arguments against the legitimacy of such NFT use cases which is a huge necessity for the success of this marketplace's launch. + +https://i.redd.it/v3r86nutonl81.png + +# Conclusion + +**It's all coming together for me at this point, Piñata may have been the last piece of the puzzle:** + +* Loopring solves the etherium gas fee issue with it's L2 wallets and NFTs via their zkRollup technology, which divides the high cost of minting one block into potentially thousands of transactions that are instead bundled onto a single block, reducing gas fees by orders of magnitude and therefore legitimizing the mass application of minting and trading NFTs. They handle getting the lines of code stored in your NFT onto the chain without it costing you an arm and a leg, and the same goes for transfers and wallets, and on and off ramping your real world fiat currency onto the chain. They may also be building the decentralized exchange to replace the stock market that we are all speculating about. +* ImmutableX is the front end of the marketplace and they interface with partner companies and creators to get their products onto the marketplace seamlessly. Their APIs make it easy for companies and content creators to connect their products to the blockchain and host their content on the marketplace or within their games. +* Piñata allows off chain file hosting that utilizes a decentralized protocol much like blockchain called IPFS to host large files in a secure and verifiable manor, legitimizing any NFTs that are tied to externally hosted content and preventing the need to sacrifice the security provided by NFTs when they point to large files off chain. + +**And on the more tinfoil hat side:** + +* Microsoft provides tons of gaming ecosystem experience, they have cloud hosting services to potentially host the server side information for future blockchain games or the metaverse, and they have some of the most iconic gaming IPs of all time under their management that could be adapted for use with NFT and blockchain technologies. +* Apple makes some of the most bulletproof and user friendly (delighting customers, anyone?) hardware and software of any company out there. My ultimate tinfoil hat theory is that they're creating the AR/VR hardware and interfaces that could finally bring both VR and the metaverse into the mainstream. Maybe they'll even be the Porsche to our Volkswagen? Only time will tell. +* But in reality I think both of these companies have already reserved their place in line after GameStop to move their stocks to the first true decentralized stock exchange of our time. + +# TLDR + +Piñata legitimizes NFTs by providing a method of hosting large amounts of off chain NFT data on a decentralized protocol called IPFS, without sacrificing the security of Web3. This eliminates the largest argument against NFTs: Web2 based hosting platforms are not secure, and the Web2 URL that your NFT points to is exposed to potential manipulation by the hosting party, government, hackers, or many other potential scenarios. + +I have just read [GMEDD.com's article about this partnership.](https://gmedd.com/blockchain/pinata-confirms-best-in-class-nft-media-management-for-gamestop-nft-marketplace/) It's probably worth a read as it comes to many of the same conclusions and contains some details I missed in my post. + +P.S. DRS your shares, it's the only way to own them and it's the only tool in our hands to hold Wall Street accountable +Merry Xmas everyone, here is my question. I have 30k. i like selling puts and that is what i want to do. however 30k wont return me much per year, so i was wondering what everyone thinks of nvda jan 2024 leaps. Will tech suffer going forward with rates due to increase? or will tech end up higher in 2024? i ask this as i would like to to turn this 30k to possibly 100k by 2024 and then sell puts from there. +I plan to apply for Portfolio Margin very soon to mainly sell OTM puts. For those who are on PM account… + +What are your best tips to manage your account? + +What risk management rules do you have in place? + +What is your process? + +What kind of hedge do you have in place if any? +I own 1000 shares of SYK at a cost basis of $6 per share. I have an unrealized gain of roughly $250k. What would you do to protect the downside? This is in a taxable account so I don't want to trigger gains. I am looking to reduce the position when I can. + +I could sell covered calls on Jun 16th, 2023 at a strike of $280 and collect $370 per contract. Is it worth the risk? + +Thanks in advance! +GNT is probably it for me, what others do you see as undervalued right now? + +* Edit: Forgot to mention FCT, but price has almost doubled since last week. + +https://cnevpost.com/2021/12/05/chinese-securities-regulator-says-it-recently-had-constructive-communication-with-us-sec-pcaob/ + +Some excerpts + +"Recently, individual media reports that Chinese regulators will prohibit companies with variable interest entity (VIE) structures from listing abroad and promote the delisting of Chinese companies listed in the US are completely misunderstood and misinterpreted," the statement said. + +"We leaned that some domestic companies are actively communicating with domestic and foreign regulatory agencies to promote listing in the United States," according to the statement. + +"We believe that as long as regulators on both sides continue to uphold this principle of mutual respect, rationality, pragmatism and professional mutual trust in conducting dialogue and consultation, we will be able to find a mutually acceptable path of cooperation," according to the statement. + +In fact, China and the US have been cooperating in the field of audit and supervision of China concept stocks, and had also explored effective ways of cooperation through pilot inspections, laying a better foundation for cooperation between the two sides. + +However, some US political forces have politicized capital market regulation in recent years, suppressing Chinese companies listed in the US for no apparent reason and coercing Chinese companies to delist, which is not only contrary to the basic principles of market economy and the concept of the rule of law, but also damages the interests of global investors and the international status of the US capital market, the statement said. + +"This is a 'multi-loss' approach that will benefit no one," the statement said. +Been in crypto since 2013, and I’ve seen my fair share of projects in this space. I invested in the ETH ICO, getting my ETH at ~$0.30. I entered at the height of the bull market in November 2013, when BTC was growing by $100+ a day for the first time ever. I bought in at $800/BTC through Coinbase, after Mt. Gox rejected my sign-up (thank God). I remember memcoin, feather coin, colored coins. I remember feeling like I missed the boat on Bitcoin. When I read about the ETH ICO, i threw some BTC in “just in case it ever goes the way of BTC.” Six months later they were calling VButerin a scammer. + +I remember when ETH hit $20 for the first time on June 16th, 2016; only to be immediately whacked back to $7 within a day because of the DAO hack. (“Fork You” anyone?). + +In 2017 I saw the rise of ICO’s as the ETH network became a star, and *knew* that the next best things in crypto would be coins like Iconomi (ICN), and Request Network (REQ). Did you know people used to actually debate on this sub whether ETC was better than ETH? People used to mock anyone who thought BTC would one day go to $10k. + +And let’s not forget EOS! The never-ending ICO that could be bought and immediately resold for profit… + +Every coin saw its rise and every time a coin exploded it was “*finally* true price discovery!” “Great team” “awesome project” “I truly believe!” Etc. + +Guess what? It’s all shit. GME showed us that there is crazy manipulation happening in the *cough* heavily regulated *cough* stock market—and crypto, by comparison, is still very much the Wild West You think there is not ten times as much manipulation here? + +Almost every pump you see is orchestrated. Almost every crash is designed to make someone, somewhere money. + +There are a variety of factors that determine this market, and orchestrated pumps are just one of them—crowd psychology is another one. + +And guess what? SOL did not rise 10x in the past two months because it’s an “awesome project” “great team” “white paper” etc. It’s because for someone, somewhere (most likely the team), the stars aligned and they realized it was the right opportunity to start to pump. And then everyone caught on and it went crazy—and now those guys who started the pump have sold. + +But you will hold. Because unlike those sellers, unlike those nasty *profiteers*, this is a “5 year investment” for you. You’re a *true believer*. You read the white paper. You *trust the team*. + +But don’t worry, this is just a “correction” and “it will pump again”—and it probably will, because the guys at the top can still make a lot of money off of this momentum. But one day it will fade, like almost every other project that gained recognition because of its price and the fanboys will be left in their own dedicated subreddit, demanding answers about this or that from a team that has checked out long ago. + +Listen folks. Crypto is amazing. Crypto is absolutely the future of finance (and the internet as a whole). But the sooner you recognize the way this market works, the sooner you’ll start to make some real money. Hodling is for suckers. +I’ve worked hard over the past twenty years to slowly build a portfolio I can be proud of (about $250,000). This is a lot of money for a delivery driver! I’m hoping to be able to retire someday. + +I recently found WSB and I’ve made some savvy moves. I’ve also made some dumb moves. I’m down $62,000 this year (almost double my salary 🤦‍♂️) If SQ hits 300 this month, I will be back to even, however. + +Anyway, my 12-year-old son just started a stock market class in school. They have been trading for the past two months starting with $10,000 imaginary dollars. He was telling me about it and I was like “sure sure” just nodding along until he tells me he is up to $1.5 million! I didn’t believe it until he showed me! The kid has a gift. 😃 I talked to his teacher and she was so impressed. She made an off-hand comment about how lucky I am to have someone so good with stocks in my family. + +And that’s when it hit me. My son should run my portfolio! + +BUT I don’t want to put too much pressure on him if anything goes wrong. So I don’t want him to even know it’s real money. + +My plan is to “Enders Game” him. I’m going to tell him that I found an international scholarship program and the first person to turn $250,000 into $10 million wins a free scholarship to college. (Which I will of course be able to pay for out of the winnings.) + +I feel really good about this plan and I’m planning on handing my passwords over to him on Monday. Just wondering if anyone has ever done anything like this and if so do they have any tricks or tips? My main concern is he realizes he’s actually trading real money. I want him to be ready to take the risks necessary to help daddy retire. + +This is the biggest risk I’ve ever taken but I feel so fricken good about it. Thoughts and prayers are appreciated. Love this community! +Guten Tag to this global band of Apes! 👋🦍 + +Today is the penultimate day before GameStop earnings, and what a moment in time this is! Ryan Cohen is on the attack, speaking out against the hedge funds who continue to short against this company. The change in his manner is telling - he is calling out their bad behavior now, just ahead of their bad behavior being exposed to the world. Could this be an early indication that the float is officially locked? Has RC Ventures purchased additional shares, that when combined with the shares that Apes have DRSed make this a company that no longer has any legally shortable shares? + +Whatever the reason that RC has become so active, it does not (yet) change the fact that the institutions that are short on GME continue their life and death struggle against our Diamantenhände, and it is a hopeless situation for them. This past year has included some moments where I was *thrilled* to see the balance of my GME holdings, but I did not sell. Conversely, the crimson of the same balances does not faze me today - I am not selling; I have lost nothing. I've had Apes reach out to me for words of encouragement, having difficulty seeing past their extensive paper losses. I hope that these words offers the encouragement you seek: + +As a GME shareholder, you have invested in a company that is on the cusp of revolutionizing retail. GameStop has a passionate customer base, many of whom are also exactly the kind of customer who will get excited about the possibilities enabled by technology like NFTs. GameStop has eager partners in game production, eSports, and merchandise, and is growing their offerings weekly. They are increasing their fulfillment and customer service capabilities, and gearing up to take on online retail titans such as Amazon. They have the bankroll to achieve *ALL OF* these things, I believe in the team that this company has assembled to deliver on that potential. + +I would eagerly HODL shares of GameStop based on the above alone, but many of us got into this company because of the short squeeze potential. Institutions did not believe that GameStop would successfully navigate the digital transformation of the video game industry, and would be another in a long line of dead brick and mortar retailers. In fact, they were so sure that they could ensure the death of GameStop by installing board members who would drive it into the ground that they took out incredible short positions against GameStop to profit from the company's demise. They shorted it from above $30 down to $3.50, confident that if they could just drive it a little further the company would collapse and they'd never have to close their short position, leading to incredible profits. + +Then the tides turned, leading to The Sneeze. The Institutional Shorts *loved* shorting at $10, why would they dislike shorting for $400 for a phantom share? They were sure that they could juggle the position for long enough that Apes would lose interest, and they'd enjoy even greater profits extracted from Retail traders. However, they did not count on GameStop's transformation. They did not see the company leveraging the price spike into a warchest that would let them restructure their debt and fund a brand new path forward. By the time the Shorts realized that they no longer had hope of killing the company, it was already too late - they had tripled down on an already impossible position, leaving further crime as the only path to survive. + +So now we see the toll of their continued crimes. They are doing everything they can to drive the price down. Nevertheless, Apes know that they cannot do this forever. At some point, they will start to fall, and the cascading failures will eventually force their short positions to be closed, leading to the MOASS. The trigger for this could be any among a number of things, but each week it feels more inevitable. Each RC tweet seems to bring it closer. I cannot wait to see what he is working toward. + +Today is Wednesday, March 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$84.25 / 76,65 €** *(volume: 2697)* +- 🟩 55 minutes in: $84.16 / 76,58 € *(volume: 2674)* +- 🟩 50 minutes in: $83.84 / 76,28 € *(volume: 2344)* +- 🟥 45 minutes in: $83.79 / 76,23 € *(volume: 2300)* +- 🟩 40 minutes in: $83.88 / 76,32 € *(volume: 1931)* +- 🟩 35 minutes in: $83.71 / 76,16 € *(volume: 1578)* +- 🟩 30 minutes in: $83.66 / 76,12 € *(volume: 1568)* +- 🟩 25 minutes in: $83.66 / 76,12 € *(volume: 1537)* +- 🟥 20 minutes in: $83.57 / 76,03 € *(volume: 1106)* +- 🟩 15 minutes in: $83.58 / 76,04 € *(volume: 974)* +- 🟩 10 minutes in: $83.53 / 76,00 € *(volume: 925)* +- 🟥 5 minutes in: $83.17 / 75,67 € *(volume: 239)* +- 🟩 0 minutes in: $83.19 / 75,69 € *(volume: 162)* +- 🟩 US close price: $82.64 / 75,19 € *($81.85 / 74,47 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0991. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hello Superstonk! + +For those of you who are active users of Superstonk, you’ve probably become aware of some of the increased communication around rules, bans and changes to the sub. + +# Let’s recap for a moment. + +https://preview.redd.it/prj5esflmb8a1.jpg?width=1065&format=pjpg&auto=webp&s=502091ebae0fa0d258345254be3f3d761f3b6286 + +**Brigading / Community Interference** + +Due to increased restrictions surrounding brigading / community interference concerns, we no longer can include usernames or avatars in screenshots. We especially cannot discuss content regarding other subs or other moderation teams. + +Additionally, please ensure you are not interfering with other subreddits. Please do not cross-post Superstonk content into communities where the content may break their sub’s rules. Lastly, please alert us via [modmail](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk) if you come across brigading / community interference in other subs. + +We encourage everyone to read [Reddit’s Content Policy](https://www.redditinc.com/policies/content-policy) as well as [Reddit’s User Agreement](https://www.redditinc.com/policies/user-agreement). Additionally, take a peek at the [Moderator Code of Conduct](https://www.redditinc.com/policies/moderator-code-of-conduct); these are the rules that we as a moderation team have to ensure we are always following to ensure the stability of Superstonk. + +We are going to take a moment to highlight Rule 3 of the Moderator Code of Conduct as well: + +https://preview.redd.it/l8aeoho5zb8a1.png?width=1438&format=png&auto=webp&s=938756863209bef62f14079f5c25353ccd8b235f + +For clarity, going to share communication received from reddit admins. + +We received the first image 18 days ago, which linked to the second image's message. The second message was sent when the sub first came to be. The brigading issues that occurred then centered around the migrations. + +https://preview.redd.it/u1sn2dt72h8a1.png?width=922&format=png&auto=webp&s=83390624816b9a0c67990ca23d8f97738b00f108 + +https://preview.redd.it/uu5rdw0b2h8a1.png?width=557&format=png&auto=webp&s=e73d423e90c4432755c5097651ddd4a6f843a45b + +**Update: We received this new message from admins today.** + +https://preview.redd.it/xaf9vxssah8a1.png?width=2048&format=png&auto=webp&s=adc8e46a36206d1308887c748d1689904f69fc60 + +**Update 2: A more positive update we just received.** + +https://preview.redd.it/9hteo40o5i8a1.png?width=2048&format=png&auto=webp&s=ecbfd6148d636228a2d47d9ad58f554e9f60e9c0 + +*See our last communication with more details surrounding brigading* [*here*](https://www.reddit.com/r/Superstonk/comments/zh4eqd/attention_superstonk/)*.* + +&#x200B; + +**Username Tags** + +As of last week, it is no longer possible to use user tags in our community. Moderators cannot be tagged however we do have a workaround. If you write a moderator's name in a comment (do not use the “u/”), we'll get a notification. You can also contact us via modmail [here](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk). + +*See our last communication with more details surrounding no longer being able to tag users* [*here*](https://www.reddit.com/r/Superstonk/comments/zoa6ed/brief_community_update_tagging_users/?utm_source=share&utm_medium=web2x&context=3)*.* + +&#x200B; + +**Reddit Bans** + +A few days ago, one of our mods and some of our community members caught bans from Reddit. Most of these bans have been temporary, but we have been alerted to a few permanent bans. We believe most of these bans have been issued unfairly and encourage anyone who has received one of these Reddit bans to appeal [here](https://www.reddit.com/appeals). + +Here’s what we believe to be the reason for these recent bans from Reddit: + +There are certain reports that are only available to moderators, these types of reports include ‘report abuse’ and ‘community interference’. Moderators are encouraged to use these reports to ensure communities are safe and the Reddit content policy is being followed. For nearly two years, we have never experienced issues when utilizing these reports. + +For example, if there was a comment on the sub that had 3 reports, 2 of those reports were for *No FUD, Shills, Bots, Lies, Spam, Phishing* and 1 of those reports was for *Self-Harm or Suicide*, we would report the comment containing the *Self-Harm or Suicide* report for ‘report abuse’ if that was not actually a concern for the reported comment. + +With this case of the recent Reddit bans, we believe when there were reports made for ‘report abuse’, Reddit then blanket issued bans for anyone who reported those comments or posts, even if their reports were legitimate. + +Due to this recent issue and flaw with moderation reporting tools, the moderation team has discontinued the use of moderator reports. + +Superstonk users should continue reporting rule-breaking posts or comments, however, please ensure you are only reporting content that actually breaks rules. + +If there is a post or comment that does **not** break rules, however you deem suspicious, instead of reporting it, send us a modmail so we can look into the content or user in question. However, the report function should not be used to report content you just disagree with. It should not be used as a tool for censorship, you should instead try to engage in a discussion or civil debate. Superstonk is nothing without our calm peer reviews and shared knowledge. + +To take this a step further, oftentimes, the Daily Discussion posts generate quite a bit of reports, specifically for *No FUD, Shills, Bots, Lies, Spam, Phishing*. Please, do not report comments just because you do not like or agree with the user if they are not breaking any rules with their comments as there is a chance Reddit could also issue a ban for users who are over-reporting content that does **not** break rules. + +&#x200B; + +**Reporting Posts / Comments Refresher** + +To report a post or comment, tap or click on the 3 dots. From there, you’ll see this: + +https://preview.redd.it/pg1spb6omb8a1.png?width=421&format=png&auto=webp&s=17700f57911ddfa59a2af02a2247519bfbbfdd4a + +If a post or comment is breaking Superstonk’s rules, make sure to select that, and you’ll be taken to the list of our sub rules where you can then make your report. + +https://preview.redd.it/hp78280zrb8a1.png?width=399&format=png&auto=webp&s=3ba9ed565f5658e28e231fbf3bfbe28d3f7cb382 + +**Okay, Recap’s over… Moving on.** + +# Where Superstonk Stands Right Now + +**At this time, we have no reason to believe that Superstonk is at risk for being shut down**. + +As a moderation team, we are doing everything we can to protect Superstonk. We are not planning on going anywhere and hope that this sub will still exist long past MOASS. As long as this community is ensuring diligence with adhering to Reddit’s rules, specifically with brigading / community interference concerns, there should be no cause for concern. All of the steps listed below are to ensure Superstonk is protected and that the sub does not go anywhere. + +Steps we are taking: + +* We’re engaging directly with Radmins to discuss rules and make sure we are in compliance. In transparency, much of the concerns we have raised have gone unanswered to date, but we’re continuing to engage in good faith. +* We’ve updated our rules to address screenshots: + * Reddit Screenshots cannot have Usernames, Avatars, and/or Subreddit names visible + * If you're posting a screenshot from Reddit, please make sure you can't see any Usernames, Snoos (Avatars), or Subreddit names. + * If it's a screenshot from our Subreddit, you may link to the original comment to give the user credit. +* We’re ensuring content and users that break brigading rules are swiftly given corrective action. +* We will be enforcing stricter moderation surrounding meta content, specifically meta content about Reddit, Reddit Admins, or other subs. + +We’re respectfully asking this community to please stop with these types of meta posts, especially those about other subs or users outside of Superstonk. These meta posts and discussions are not helping. They are part of the problem, and if they continue, they are adding to the potential for instability in this platform. Please refocus and ensure content being posted to Superstonk is GME focused. This is a warning that we will be taking action on meta content to protect the sub. Limiting meta content is a direction previously given by Reddit admins due to past community interference issues. + +**WHAT IS A META POST?** + +Meta Posts / Meta Memes are not about the subject of this subreddit (GameStop) but instead are about the subreddit, the users, Reddit, or other subs and their users. + +https://preview.redd.it/dvkwhn0ymb8a1.jpg?width=1070&format=pjpg&auto=webp&s=940b5338a356a0b7e7b846602be29b64806c4775 + +# Additional Points + +**User Approvals** + +We may start increasing our approvals somewhere in the next few weeks, primarily for users that are already contributing here and already meet our karma and age requirements but that haven’t been approved yet (because they don’t need to since they’re already able to comment and post). + +In the past, we’ve approved apes that did not meet those requirements to allow them to still participate in the community, but we’ve never gotten around to approving those who were already able to comment and post here. We don’t see anything changing in terms of an increased number of posts or comments, since again: these are people that are already on the sub posting and commenting, but still wanted to give a heads up to the community. + +Should there ever be an instance of the sub being made private, these approvals will ensure that we don’t leave any current contributors behind. Additionally, should this situation arise, we now have the ability to set karma limits to ‘Superstonk’ karma rather than just Reddit karma. + +***Please note, at this time we are not considering going private; we are just taking this measure as a precaution.*** + +&#x200B; + +**Superstonk Discord** + +We thought that might be a good time to remind you that Superstonk not only exists as a subreddit, but that we also have a [discord](https://discord.com/invite/Superstonk). + +Prior to the creation of the discord, whenever Reddit experienced issues, we’d meet in the comment section of the Gangnam Style YouTube video. There’s really no need to do this anymore now that we have the [Superstonk Discord](https://discord.com/invite/Superstonk) and we encourage everyone to use this as our fallback to meet should there ever be issues with Reddit.For those out of the loop, Discord is a voice, video, and text chat app used by friend groups and communities. The Supertonk Discord server is only using the text features, so it’s basically a bunch of categorized group chats full of apes. + +For those concerned about other subs Discords that were banned in the past, that was due to repeated abuse of hate speech in that server. Our community is above such things as we are too busy focusing on DD and memes. + +As a team, we think the worst thing this community could do during a crisis situation is to migrate to the comment section of a Youtube video (or an unproven platform) where we don’t know how stable it is to support a community such as this one. These platforms could be potentially run by people who haven’t proven their capacity to run such a complex operation, let alone in a time of turmoil. Comment sections can be shut off at any time. Additionally, in an unmoderated space, there’s plenty of room for bots / bad actors trying to sway a narrative. + +*Please note, the same rules on our sub also apply to the discord. Topics not allowed on the sub are also not allowed on the discord.* + +https://preview.redd.it/e3ug5tdmnb8a1.jpg?width=1200&format=pjpg&auto=webp&s=487b9830f031a30e2d8afc892fc510065401bebf + +# TL;DRS + +* **At this time, we have no reason to believe that Superstonk is at risk for being shut down**. +* Please understand and comply with Brigading rules (in spirit, intent and to the letter) in order to prevent further issues for this sub. +* If you’ve been temporarily banned by Reddit and you feel it was unwarranted, please [appeal here](https://www.reddit.com/appeals) but do so respectfully. +* Please stop with the meta reddit memes, they’re not helping and potentially putting the sub at risk for further scrutiny from admins. +* We’re actively working to keep this place safe with the best of intentions. Have a question or concern? Raise it here in the comments. + +**We love Reddit and we’re always striving to make it better. We want to continue our relationship with Reddit for as long as possible. Reddit is our home, and we’ll do whatever it takes to stay here.** + +**Thank you for sticking with us through these new rule changes and restrictions. Thank you for doing your part to keep this community protected. Thank you for your patience. Thank you for your understanding.** + +**Thank you for being the best community on Reddit.** +Arguably the hottest post on WSB today - + +[https://www.reddit.com/r/wallstreetbets/comments/wkzd91/why\_you\_shouldnt\_take\_out\_a\_27k\_loan\_to\_buy\_stocks/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/wallstreetbets/comments/wkzd91/why_you_shouldnt_take_out_a_27k_loan_to_buy_stocks/?utm_medium=android_app&utm_source=share) by user u/iFuckTinderFatties is a bit sus to say the least. + +This user joined reddit may 30th, 2022, just over two months ago. Yet here he claims to have caught the top of the GME sneeze- + +" In early 2021 I managed to turn my car money that my parents gave me ($15,000) into over $360,000 on GME. I was luck to sell around $370 and timed the top almost perfectly. + +Unfortunately I managed to lose all my gains and then some, 350k, in the next several months on SPACs and penny stocks." + +So he just joined but somehow managed to capitalize on GME before the run up/before it was mainstream 1.5 years earlier? Unlikely + +\----------------------------------- + +In this post he claims that his average on BBBY is [2631@10.26](mailto:2631@10.26). Yet his money from this loan got "deposited" to his account Friday the 5th when the high was $8.30, inclusive of after hours. BBBY opened at 10.93 monday the 8th. Thus having a 10.23 average is somewhat unlikely. The only window he could have bought for a 10.23 average on monday the 8th is specifically between 6.57am to 7:07am in the premarket. A pretty narrow window... but plausible, still, if he was that horny to buy on monday, why didn't he just buy on Friday? + +He also said this at 530pm yesterday- + +"Who else held BBBY today through this dip? + +I’m not selling!!! Did my dd, I’m confident in my position" + +At the time of that post BBBY was trading for 10.29...He would have been green? Despite that post, he claims to have sold at an 8.3% loss which would equate to 9.38/share. Less than a dollar down, a weird place to set a stop loss in a stock you are so confident in. + +\--------------- + +Lastly, if you go through his post history it's pretty spammy but mostly filled with nonsense and a confusing timeline of when he claimed to have just fucked a milf, yet days later is talking about his GF, then threatening his GF cause she didn't want to have sex, then breaking up with his GF. + +So best case, don't feel bad for judging him because he is a shit human. Medium case he is a perpetual liar. Worst case (which I'm leaning towards) he is a shill. + +Anyway point is; other people smarter than me should dig into further. Also don't trust everything you read on the internet. If mods want to take down this post that's fine, just wanted to bring it to your attention that it suspicious as fuck. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Not sure what to flair this, but just to keep it short. I've been wanting to add MSFT and APPL to my portfolio to capture the growth gains alongside my SCHD and VYM holdings for their decent growth and dividends. Would it be better to hold them individually or just buy an ETF such as VOO or QQQ since its in their holdings as well anyway. But the five year charts seem to show that the individual stocks have greater % growth compared to the ETFs. Any advice would be appreciated. +Hi All, + +The next ex-dividend date for Waste Management is in 2 days, and I am looking for a solid company with broad exposure that is guaranteed to have a healthy dividend among this pandemic. Please see my analysis below and let me know your thoughts. + +1) Sales will be dampened near term, but the industry as a whole will grow approximately 6% by 2025. + +2) Healthy Gross Profit Margin around 40%, with a positive EPS and trailing EPS + +3) Current and Quick Ratio well above 1.2, which is a sign of servicing short term debt in an excellent manner in case needs arise. In times we are in, I take emphasis on these ratios. + +4) Of course what I am here for is the 1.86% dividend yield. While this stock won't get neck snapping returns like the rest of the market, I am guaranteed this dividend if we go into a long and deep recession/depression. There is only 1 larger competitor (Republic Services), but I think WM barely can call itself a duopoly and think they are one of the safest stocks for yield. + +I am open to any thoughts and suggestions. I look forward to your comments! + +Best Regards, + +Forehand Financial +I saw [this article](https://www.forbes.com/sites/michaelfoster/2020/07/14/this-5-fund-portfolio-pays-a-monthly-89-dividend/amp/) today and was curious and looked at it. + +I'm pretty new to investing so I was wondering what other people's opinions on this are. + +EOI and UTF I know are both closed-end funds which I've heard are bad but don't really know why. + +I appreciate everyone's thoughts +Apparently I don't understand shit when it comes to stocks lol the fucking call calculator told me I should b up 1k but instead I'm down nearly 80% because of some bullshit thing called IV crush I do not get how puts and calls can lose money when it went up so fucking high from earnings. Whatever this retard is done with stocks folks I'll just save my money like a normal person and make my monthly car payment and die poor I guess. 🙃 I'm more angry at myself then anything because obviously I have to smooth of a brain to understand simple shit like IV crush and I figure if I don't understand the game why play it. Luckily I'm not financially broke my dreams r just crushed for now + +Edit: okay well maybe I'll b back I'm not sure if I learned my lesson yet +Hello World, German Markets are about to open so allow me to be your Guest Host today. + +While I hope u/derGurkenraspler is doing well. + +Current Price:"115 minutes in 168.61" + +FAQ: + +Where do you get our numbers from? + +I too trade through my bank account and just refresh the page to see the current price in dollar. + +Why are your numbers different from the ones I'm seeing online? + +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? + +Sure, you can take a look here...just remember to convert from € to $! [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) + +Can you post the volume too? + +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +0 minutes in 167.73 + +5 minutes in 167.67 + +10 minutes in 167.89 + +15 minutes in 167.92 + +20 minutes in 167.89 + +25 minutes in 167.78 + +30 minutes in 167.80 + +35 minutes in 167.80 + +40 minutes in 167.74 + +45 minutes in 167.73 + +50 minutes in 167.80 + +55 minutes in 167.75 + +60 minutes in 167.75 + +65 minutes in 168.77 + +70 minutes in 168.55 + +75 minutes in 168.76 + +80 minutes in 169.51 + +85 minutes in 169.40 + +90 minutes in 168.91 + +95 minutes in 168.88 + +100 minutes in 168.51 + +105 minutes in 168.51 + +110 minutes in 168.51 + +Well as usual it has been an honor guest hosting the diamantenhände today. + +I don't know if I will see you tomorrow it all depends on how well our OG-Ape u/derGurkenraspler + +is. u/Forthegoodpeople has also PM'd me about how he noticed unusual high amounts of Volume in germany these past few days. + + [https://imgur.com/gallery/NwKT5JR](https://imgur.com/gallery/NwKT5JR) + +[https://i.imgur.com/G22Gysqh.jpg](https://i.imgur.com/G22Gysqh.jpg) + +maybe one of the more wrinkled brained apes can make some sense out of this. + +# As always BUY HODL and VOTE + +# 💎👐 +I've read a lot of posts on here about people taking what I would consider to be insane privacy measures, whether it be using a PO Box, purchasing a home in the name of an LLC as to shield your name from public view, etc. But what about most of the billionaires out there? Take Mark Cuban or Ken Griffin or Jeff Bezos... their names, faces, addresses, and pictures of their homes are all over the Internet for anyone to see... how are they getting by, but people on here feel the need to go to such extreme caution? +Based on recommendations [here](https://old.reddit.com/r/fatFIRE/comments/kn41zo/negotiate_your_margin_rate_down_at_fidelity/) I was able to negotiate my rate to 2.5% with Fidelity. I have $2.2M 50% margin to principal rate. I was wondering if I should go to them for a better rate? + +Edit: I'm holding a boring Boglehead 3 fund portfolio in that account if that makes a difference. Making maintenance rate for it is 50%. +Right now I have about a 70% savings rate (and looking to increase that by moving out of my apartment and buy a duplex to rent out the other half) + +I still go out (or did before covid) with my friends to our favorite dive bar fairly regularly + +I go on two vacations a year (I'm a big fan of fishing and hiking, so the vacations are comparatively cheap) + +I coach highschool wrestling, and do plenty of other stuff I enjoy, so it's not as though I'm not living life or anything. Yet it feels like I spend a potentially unhealthy amount of time thinking about the future. Thinking about future plans and goals for myself in 8-10 years when I've achieved FI. + +It's not that I have no near-term goals for myself, it's just that a lot of my goals, like living overseas, just aren't feasible right. Or at least it feels like pursuing them right now isn't worth the risk. It feels like right now I'm just doing what I need to do to get to the destination as quickly as possible so I can do what I really want to do. I'm incredibly fortunate to be in such a position, so I hope this doesn't sound too much like complaining, but it just feels like I'm toiling through things right now to get to the promised tomorrow because obviously money invested right now is twice as valuable as money invested in another decade. + +Anyway, if you have any advice for a guy that feels trapped in the golden handcuffs of tech because it's the most efficient way to reach FI, please let me know +Edit: $144; everyone knows poors can't math + +I just discovered a $12 monthly charge, thought I'd pass the warning along to those who might have been unaware. If you have a job that doesn't have direct deposit set up you certainly are getting charged without realizing it. Customer representative said there's nothing that can be done, so I recommend changing banks. + +Edit: [Here's proof.](http://money.cnn.com/2011/01/07/pf/checking_account_fees/) I didn't notice until I switched jobs. + +Edit 2: okay I get it, all graduates who didn't read the fine print in or receive their letter when their student account was automatically switched to the fee account are idiots who deserve these fees. Regardless, I hope this post helps some people. + +Edit 3: Thanks to whoever popped my gold cherry! But really the best part is the messages from people who didn't notice until my post. Glad I could help! +***EDIT: I made a follow up to this with actual proof and more spice and valuable contributions from others here:*** [***https://www.reddit.com/r/Superstonk/comments/r75566/proof\_added\_for\_my\_other\_post\_about\_popcorn/***](https://www.reddit.com/r/Superstonk/comments/r75566/proof_added_for_my_other_post_about_popcorn/) + +*Unfortunately, for some reason it is being actively suppressed. It stayed at* ***0 upvotes*** *for a while until I added the link in here, as this was already trending in Hot and reached some visibility. Since then it got a few hundred upvotes and* ***more awards than any other post in Rising****, yet it's* ***not showing up at all*** *neither in Rising nor in Hot.* + +## ########## + +I doubt this will get out of 'New' but I'm posting it regardless, since it also pertains to GME and to me is pretty much proof that popcorn is used as a hedge by SHFs or at the least as a divide and conquer technique. + +# Backstory + +Apart from GME I have about 1/4 of my 2-stock-portfolio invested in another stock other than GME. Shame on me I know, but it's **not** one of the other meme stocks. Just a growth stock I'm highly vested and have a personal interest in. I'm not going to name it to avoid any unwanted advertisement and it's also not important. + +Coincidentally it's also a heavily shorted stock and got attacked by a short seller report at the beginning of the year that was total and utter bogus and fell over 80%. The "consultants" to that report, that also gave their badly researched opinion publicly in interviews, started working at the competition just a few months later - go figure! + +# My observation + +So for months now (just as with GME) I've noticed stock bashers all over the place (Reddit, Twitter, Yahoo), with shitty and weak arguments despite it being a relatively new, small and still rather unknown company. Pretty much just like our DD here has shown this being a a classic FUD method of SHFs to drive innovative but small companies into bankruptcy. + +Today of all days - a blood red market where many stocks have fallen some 5-10% due to 1 confirmed Omicron case in the US according to MSM - I'm scrolling through Twitter. And I see a lot of tweets saying stuff like "stock to x digits tomorrow", "stock down to x tomorrow, then bankruptcy" (which would be some -50%), "don't catch a falling knife - dump dump!". You get my drift. + +So I'm kinda looking at their profiles, if bashing that stock is all they do or what their deal is. But I notice two recurring things instead. Instead of just bashing that one stock (or any stock extensively for that matter), what they mostly do is **pump** those 2 stocks (even today when all of them fell the same way): + +* That "previous president" social media SPAC thing -> LOL +* Popcorn: they even identify as "apes" but of course no mention of GME in any of their tweets + +# Conclusion + +Now I don't know what the deal with that "previous president" social media thingy is but the combination of an... + +* obviously paid stock basher for niche stocks, +* at the same time (when all these stocks are falling the same way) promoter of popcorn (and claiming to be an "ape") +* and no single mention of GME in any of their tweets + +...it's kind of telling, what is going on here. +Aside from housing commission or living with her kids (ages 23-28), my partner and I really need some ideas for his mother’s approaching retirement (she’s 61). + +Backstory is that her husband recently died suddenly of cancer, 9 months after his diagnosis. He was the sole “breadwinner” (hardly) and she rarely worked, but has a background in childcare. He had his own business for 5+ years and we all secretly knew it wasn’t profitable and that he was in debt, but he would never accept help or admit he was struggling. He always acted like a financially comfortable man. She knew things were bad, but not the detail. + +Literally on his deathbed he revealed that he was in deep, deep debt because of the business which he continually tried to resurrect by getting loans and credit cards. The debts were all in his name, and have since been written off after his death. Its a long story, but really they just aren’t the most savvy and switched on people which is why we, the kids, are having to help an adult out of this shitstorm. + +They never owned a single asset, never had savings, no investments - nothing. They were worth nothing and upon his passing he passed on nothing to his wife and kids. After his death my partner and I had to pay her rent, and then start a GoFundMe out of desperation which helped her in her time of grieving and during this COVID19 nightmare, but that money will run out soon. + +Until then we are stuck twiddling our thumbs on what to do to help her. She has no plan other than hopefully get a job (she naively doesn’t even want to work in childcare again), and continue to rent with her youngest child until they want to move out. After that, we’ve got no idea what she should do. + +THANKFULLY, he applied for life insurance well before his diagnosis and it has been approved, so there is about 300k (I wish it was more) coming in for her at some stage this year. What to do with it?? + +She hasn’t worked in years, has no savings, no assets - so a bank would never give her a home loan. She can’t just live off the 300k as she’ll burn through it and she’d like to give some form of inheritance to her kids one day. She wouldn’t be able to afford rent while on the aged pension either, so we’re stuck. + +Any ideas? We don’t want to live with her, if we can avoid it (we just got married). A granny flat MAYBE, but even then... My partner and I are renting and (previously) travelled a lot and aren’t ready to be locked into a mortgage. Maybe in 5 years, but not now. + +My parents suggested a plan where we buy a house financed by her 300k and the remainder from the bank. We would then repay her the equivalent of a weekly mortgage repayment to supplement her aged pension, to ensure she has more disposable income than the pension provides (which is about $500/week, plus we would repay her $300/week). Plus we’d repay the bank the equivalent of repayments proportionate to whatever remaining sum we borrow. Basically we’d be paying the same for a home, but part of it would go to his mum to repay the money she gave us. Upon her eventual passing, we’d either buy out his siblings to give them their portion of the estate, or sell and just allocate them $100k each (obviously this needs a great contract and solicitor). + +But honestly, even this plan nauseates me. It means we’re not only accountable to a bank, but to her - and responsible for her livelihood. + +There’s gotta be some better ideas out there but I just don’t know what they are. Please let me know if you’ve got any other ideas. Thanks! + +tldr - mother in law has nothing to her name except her dead husband’s small life insurance claim. How the hell can she retire comfortably without disrupting her kids’ lives? +Hi all + +I'm running through some potential scenario's and looking for some thoughts, and ideas that I may have missed. + +Financial situation: +27, living at home (WA), single, 100k salary before tax (secure job, salary to increase ~10k over next 5 yrs) +-100k in savings account, 10k in everyday account +-32k in super (as of eofy20) +-34k HECS (as of eofy20) +-no other debt +-no investments (have dabbled before in shares) + +Situation: +Looking to move out. Had stayed at home to look after family, but no longer need to. Don't really have any financial mentors as such so looking for opinions/thoughts on ideas. The 100k just sitting there is a massive waste and I feel like I'm losing out the longer debate in my own mind the pros/cons. + +Current ideas +A) buy property to live. Use a large proportion of the savings here to contribute to deposit. Self explanatory. + +B) Rent for a number of years, until i and future wifey (or just I.. Sad times) are ready to settle and purchase something bigger/better/nicer. Instead put some of the 100k into long term (20+ years) EFTs. In the meantime take advantage of the FHSS to boost savings capacity. + +C) buy cheaper property than A) and money not used to add value/renovate over a number of years and hence take advantage (in the early years at least) of low interest rates. + +D) buy cheaper proper than A) but instead of renovating etc align some of those savings with ETFs + + I'm okay with the idea of owning property but it isn't necessarily something I feel I need to do. I have always thought the 'Australian dream' of owning a suburban property and getting nowhere financially just for the sake of 'owning' can be a trap, which seems like some of these scenarios could lead me there. + + Current issues around the practicality of each of these is the current property market in perth. Renting probably suits my current single lifestyle better due to the flexibility in location. However rentals are hard to come by, and property for sale doesn't stay on the market long. I am also feeling like there isn't a lot of good stock out there. Like everyone here, I'm always concerned about getting the 'timing' right. + +Would love to know the thoughts of those that have chosen to go down either one of these paths, or of there are other considerations that I'm not thinking about. +It's been like a week or two now where basically every coin is trading at a 10-20% premium on Korean exchanges. Why is crypto so much more expensive over there?? +Clarification - "stocks" here really means "low-cost well diversified index fund". + +Whenever people justify the idea that investing in the stock market as a good idea, the usual justification is looking at history. Usually past 100 years or so, usually at the S&P 500. Something like "look at how much compounding you would have got if you invested X per month starting from year Y!". + +However, I haven't seen much explanation as to \*\*why\*\* this was the case, and why should it \*continue\* to be the case. I mean, in the 20th century we got electricity, cars, airplanes and computers just to name a few literally world-changing technologies. Is it reasonable to expect similar levels of progress in the next 30 years? What about climate change? Idk. + +Sometimes you get a vague "the natural state of the economy is growth" or a "capitalism is the way humanity generates value" as the explanation. I don't understand what these mean. + +I tried somehow reasoning this out from first principles, but I can't come up to the conclusions that stocks will grow much above inflation. Though keep in mind I know very little of this topic (which is why I'm asking for help in the first place :) ). + +Basically, it seems like the only fundamental reason for the stock of a company to grow in price is if they increased their profits. Increased profits mean increased dividend payments, making it so the stock generates more money to its holder. I can see how this should roughly grow at least in pace with inflation - companies are the ones who sell those goods and services that get more expensive, so things sort of balance out. + +But believeing that over the long term (e.g. 30 years) the stock market will produce significant (4-5% per year) returns over inflation, means we are betting that companies will keep making \*more\* money than they were before, either every year, or always catching up with losses, over that long term. + +Isn't this like, a huge gamble? Making money is hard enough, and we are betting that companies will keep increasing their profits year over year, over many years? Sure, some companies will grow, but surely most will stay in place or go down. Do we think the companies that will grow will grow \*so much\* that despite being in the minority, they'll still compensate for the majority that won't? +Just commented on a r/financialindependence post in which OP seemed to imply that real estate investing necessarily goes hand in hand with debt. I made the point that my real estate investments thus far have been 100% cash deals, but it got me thinking how common this style of investing is. It works for me personally because I'm trying to maximize my cash flows and minimize my risk (I'm trying to utilize real estate to retire early and want to be able to sleep well at night), but clearly this isn't for everyone and my sense is that most people use some amount of debt for their real estate investments. + +I've been pleased with my results so far, both in terms of appreciation and in terms of cash flow, but I buy exclusively on foreclosure auctions (where financing would be very difficult, if not impossible, on the front end). + +Has anyone found success doing this business debt-free, and if so, do you have any pointers for others? +I was totally blindsided and financially unprepared so here's what I did: + +1. Applied for unemployment although it took 3 weeks before I got it. +2. I called my credit card companies and asked them to implement my credit card protection program. This covers my minimum monthly payment until I get a job. I used the cash I would normally spend on this to supplement my basic needs since I'm now without a paycheck. **REMEMBER**: You must report this as income when you do your taxes. Otherwise, you will be hit with a heavy penalty**. ALSO:** You won't be able to use that credit card during this time. Keep that in mind. +3. Called the loan company for my car and asked if I could put the next payment due to the back of the loan. I paid $30 in interest only for that month. Be prepared to explain how you plan to pay your next month's payment. I needed the cash, so I used that month's $500 car note to supplement my basic needs. +4. Applied for TANF. No shame in my game. My daughter has special needs and as a result of such, they gave me a $3K grant to cover my mortgage and utilities. +5. I said these words every single day for 30 days. " How can I make more money today." and " Everything I'm seeking is seeking me." Every time I got an idea, notion on inkling about getting a job or making money I acted on it. +6. I saved every dime from a rebate or coupon. I keep a piggy bank in my kitchen, laundry room, car, and bedroom. I throw my change in them and when my money gets funny, I cash them in at Coinstar. Everyone laughs at me about this, but it's enough for gas and grocery money. Especially if you know how to make struggle meals. +7. I now have a great job working from home. So guess what? I called my insurance company to insure my car for pleasure since I won't be driving to work. It went down from $140 to $96/month. See #5 New job offers a home warranty program to employees at $24/month. I'm currently paying $89/per month. Again, see #5 +I hope you never get fired, but if you do I hope this helps you. +Guten Tag to this global band of Apes! 👋🦍 + +Reverse-repo utilization hit another record level yesterday, well ahead of the usual spike at the end of a quarter. While it is a poor indicator of a MOASS, it does show the absurd amount of money propping up the markets, and I would not be surprised if it hits $2T before the New Year. + +As we enter this final day of the week, I want to thank all of you Apes who continually visit and share your excitement to be involved in this community. Seeing your flags and reading what you share about the events in your daily life helps countless others feel connected to this worldwide movement. I love this community and look forward to a bright future for all of you. + +Today is Friday, December 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$146.29 / 129,05 €** *(volume: 2965)* +- 🟩 115 minutes in: $146.29 / 129,05 € *(volume: 2965)* +- ⬜ 110 minutes in: $146.15 / 128,93 € *(volume: 2961)* +- 🟥 105 minutes in: $146.15 / 128,93 € *(volume: 2756)* +- ⬜ 100 minutes in: $146.56 / 129,29 € *(volume: 2653)* +- 🟩 95 minutes in: $146.56 / 129,29 € *(volume: 2622)* +- 🟥 90 minutes in: $146.55 / 129,27 € *(volume: 2619)* +- ⬜ 85 minutes in: $146.79 / 129,49 € *(volume: 2552)* +- ⬜ 80 minutes in: $146.79 / 129,49 € *(volume: 2539)* +- ⬜ 75 minutes in: $146.79 / 129,49 € *(volume: 2372)* +- 🟥 70 minutes in: $146.79 / 129,49 € *(volume: 2350)* +- 🟩 65 minutes in: $147.07 / 129,74 € *(volume: 1959)* +- 🟩 60 minutes in: $144.87 / 127,80 € *(volume: 631)* +- 🟩 55 minutes in: $144.85 / 127,78 € *(volume: 628)* +- 🟥 50 minutes in: $144.70 / 127,65 € *(volume: 617)* +- 🟩 45 minutes in: $144.76 / 127,70 € *(volume: 545)* +- ⬜ 40 minutes in: $144.45 / 127,43 € *(volume: 419)* +- 🟩 35 minutes in: $144.45 / 127,43 € *(volume: 416)* +- 🟥 30 minutes in: $144.43 / 127,41 € *(volume: 350)* +- 🟩 25 minutes in: $144.45 / 127,42 € *(volume: 350)* +- 🟩 20 minutes in: $144.34 / 127,33 € *(volume: 336)* +- 🟩 15 minutes in: $144.25 / 127,25 € *(volume: 307)* +- 🟩 10 minutes in: $144.19 / 127,20 € *(volume: 275)* +- 🟩 5 minutes in: $144.14 / 127,15 € *(volume: 255)* +- 🟥 0 minutes in: $143.90 / 126,94 € *(volume: 152)* +- 🟥 US close price: $144.59 / 127,55 € *($143.75 / 126,81 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1336. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + +For 2022 I've been contributing weekly to a vanguard Roth Ira. I've been doing this for years but this year my wife and myself received substantial raises Jan 1. Calculating my salary reveals this year I will be out of the income range requirement but I've already made Roth contributions. +- Can I go about opening a traditional IRA, transferring the 2022 funds I put into my Roth IRA? And then would doing a backdoor Roth be prudent? +-Do I need to rollover the entire Roth to a traditional in order to do this? + +Is this logical or am I misunderstanding something. +Currently in NY, filing jointly, and will make combined above $214,000. + +Thank you! +I've been a longtime lurker in this sub, even before I grew a pair and started dipping my toes into the market. The variety of people, the thoroughness of their research, and the veracity with which they defend it, make this place what it is. + +I only began trading as a side hustle at the start of the pandemic (with modest success). My biggest wins came from WSB. When the real push on GME started, I was there. I was a bag holder of GME after January, but my bag wasn't too large and I liked the stock, so I grew some diamond hands and held. I started really following the day-to-day threads, reading every piece of financial news I could, watched Bruce eat his bagels, and developed a much deeper understanding of the market in general. + +I don't listen to all the advice I see on here... and I don't blindly trust DD. + +Why I feel I need to post today: +The mood in this sub has changed drastically over the last 24 hours. The rift I see between the GME folks and the RKT folks saddens me greatly. I don't know exactly how I fee about RKT... something just seems too contrived about it. + +I've seen some DD that suggests it's a HF ploy to pull people out of GME. If that's the case, I don't think it will be successful. GME apes are strong. You don't just lose your diamond hands on a whim. + +I've seen other DD that suggests it's a HF hedge and their using this to boost their capital in order to better defend their position in GME/AMC. This seems a bit more plausible to me, but I'm still not 100% convinced. A lot of people are posting massive gains (sincere congratulations). + +What conclusion I have come to is this. If I were a HF or a MM who needed WSB to fracture, I would seed disunity and distrust among the community. I would send every bot or shill I could in every direction. Some strongly defending RKT, some tearing it down. Some screaming GME is dead, while others quietly suggest taking gains from RKT and rolling them into UWMC. I wouldn't suggest a shit stock that I knew nobody would listen about... I would use my best DD and find something that could tear attention away from GME and tear the community apart. And unfortunately, I think it's starting to work. Just reading the daily discussion thread for today is like watching two 3-year-olds argue about what superhero would win in a fight. + +I love this community. I hope that some of you may read this and that it may make a small difference. When it comes to money, it's easy to manipulate peoples feelings. I just hope that in the end, Apes Together Strong is the sentiment. + +Good luck today everyone, and thank you. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +* **Company**: [Titan Medical](https://titanmedicalinc.com/) +* **Industry**: Medical Device / Robotic Technology +* **Flagship Product**: The [Enos Surgical System](https://titanmedicalinc.com/enos/) +* **Ticker**: TMDI (Nasdaq) +* **Share Price**: $2.63 +* **Market Capitalization**: $215.7M +* **Float**: 82.02M +* **% Held by institutions**: 3.29% +* **% Held by Public/Other**: 96.61% +* **Average Volume (3 month)**: 1.88M +* **Recent Daily Volume**: 9.98M +* **Investor Fact Sheet**: [Link](https://titanmedicalinc.com/wp-content/uploads/2020/12/Titan-Medical-Enos-Overview-Dec-9-2020.pdf) + +--------------------- + +**I DON’T LIKE TO READ. DO YOU HAVE ANY VIDEOS I CAN WATCH?** + +* 1. Learn how a [single port robotic system](https://vimeo.com/309174288) works. +* 2. Learn about [Titan Medical](https://vimeo.com/309174288) and their vision for the Enos Surgical System. +* 3. Watch a [demonstration](https://vimeo.com/479586580) of the Enos surgical system. +* 4. Watch an [overview](https://vimeo.com/user50119475) of Titan Medical’s third quarter, 2020 update. + +--------------------- + +**GIVE ME A COMPANY OVERVIEW** + +Titan Medical is a medical robotics company, based in Toronto, Canada, which recently completed an incentive based partnership with Medtronic, the largest medical supply company in the world. +Titan Medical’s flagship product is the Enos surgical suite, an ergonomic, single access surgical system, that uses multi-articulated instruments with fluid motion guidance to replicate natural movement. Their workstation is smaller and more mobile than both the Intuitive and TransEntrix surgical suites. With a single port of entry, the Enos requires minimal innervation, resulting in less trauma and scarring than its competitors. They are lead by chairman and CEO, David McNally, a 33 year veteran in the medical device industry, and the co-founder of ZEVEX, an award-winning medical device company. + +--------------------- + +**TELL ME ABOUT THEIR FLAGSHIP PRODUCT** + +The [Enos](https://titanmedicalinc.com/enos/) surgical system, which was rebranded in September of 2020, is a mobile, single access surgical suite, +designed in coordination with laparoscopic and robotic assisted surgeons. Unlike other devices, such as the da Vinci from Intuitive Surgical, the Enos +was developed as a cost-effective, single-incision system, with reusable multi-articulating instruments, and a small footprint. In addition to traditional +operating room procedures, the Enos targets underserved markets, such as a small ambulatory surgical centers. The Enos was designed with an +open architecture, allowing it to adapt to future instruments, beyond traditional graspers, hooks, drivers, and scissors. To date, it has completed +numerous pre-clinical procedures, including hysterectomies, nephrectomies, cholecystectomies, gastrectomies, splenectomies, and colectomies. +For peer-reviewed abstracts, please refer to page 14 of Titan Medical’s [investor overview](https://titanmedicalinc.com/wp-content/uploads/2020/12/Titan-Medical-Enos-Overview-Dec-9-2020.pdf). + +--------------------- + +**WHAT DOES THE MANAGEMENT LOOK LIKE?** + +Titan Medical is lead by chairman and CEO, David McNally, the founder of Domain Surgical, and the co-founder of ZEVEX, an award winning medical technology +company. He is also the co-inventor of over 40 U.S. and international medical device patents. Look at this [man](https://titanmedicalinc.com/leadership/). He is the +most CEO looking guy that I’ve ever seen. He’s been building successful companies since his early twenties. At research and development, the company is +lead by Dr. Perry Genova, PhD, an accomplished biomedical engineering executive. Dr. Genova previously managed Centauri Robotic Surgical Systems, a +private company specializing in robotic stereotactic neurosurgery. Prior to that, Dr. Genova was the president and CEO of Oncoscope, a medical device company +that was acquired by SpectraScience in 2016. + +--------------------- + +**DOES TITAN MEDICAL OWN ANY INTELLECTUAL PROPERTY?** + +Yes, Titan Medical has 58 issued patents, with 84 patent applications pending. + +--------------------- + +**DOES TITAN MEDICAL HAVE ANY INTERESTING PARTNERSHIPS?** + +Yes, and for me, this was the most important recent milestone. In June of 2020, Titan Medical entered into [an agreement](https://www.massdevice.com/medtronic-turns-to-titan-medical-as-it-makes-robot-assisted-surgery-play/) with +[Medtronic](https://www.medtronic.com/us-en/index.html) to advance the development of their robotic surgery technologies. The agreement includes a 10 million dollar payment, +and an additional series of payments totaling $31 million in exchange for Medtronic’s right to license certain technologies from Titan Medical. Medtronic is the largest medical device company +in the world, and they are making substantial efforts to compete with Intuitive Surgical. Medtronic has a long history of billion dollar acquisitions. For example, in 2018, they purchased Mazor Robotics, a medical robotics company that specializes in spinal surgery, for $1.7 billion. If I had to speculate, I believe there is a high probability that Medtronic acquires Titan Medical. + +--------------------- + +**DOES TITAN HAVE THE CAPITAL TO CONTINUE DEVELOPMENT?** + +Yes, please refer to the paragraph above, which discusses their partnership with Medtronic. You can view Titan Medical’s third quarter 2020 press release +[here](https://www.businesswire.com/news/home/20201116005309/en/Titan-Medical-Reports-Third-Quarter-Financial-Results). You can view their +$10 million technical milestone press release [here](https://www.businesswire.com/news/home/20201026005235/en/Titan-Medical-Announces-Achievement-10-Million-Technical). + +--------------------- + +**WHAT OTHER INTERESTING DEVELOPMENTS HAVE OCCURRED RECENTLY?** + +1. In addition to their partnership with Medtronic, Titan Medical released a [regulatory update](https://www.businesswire.com/news/home/20201230005089/en/Titan-Medical-Provides-Regulatory-Update), from the FDA, which indicated that the Enos system is appropriate for classification through the De Novo pathway, and confirmed that Titan Medical will file +a clarifying pre-submission for Investigational Device Exemption studies. + +> In view of the FDA’s written response and other information available to the Company at this time, the Company would likely proceed with a De Novo classification request for its Enos system in place of a 510(k) submission. Should the FDA grant the De Novo classification request, the Class II device would be cleared to be marketed. + +2. In late 2020, Titan rebranded its surgical system, the SPORT surgical system, to the Enos robotic single access surgical system, so it could better represent +its design and capabilities. + +3. In late 2020, Titan Medical obtained two additional U.S. patents for methods and apparatuses for camera positioning and hand controller +Apparatus for gesture control and shared input control in a robotic surgical system. + +4. In September of 2020, only a few months after Titan Medical inked a deal with Medtronic, we saw a major increase in institutional investment. +JP Morgan increased their equity in Titan Medical by 29,600 shares, for a total of 47,000. Bank of America increased their position by 60,900 shares, +for a total of 70,605. Two Sigma Advisers, the famed hedge fund which uses AI and machine learning, increased their position by 73,500, for a total +of 220,600 shares. Other notable institutional investors include Capital One, Morgan Stanley and Royal Bank of Canada. + +--------------------- + +**WHERE DO YOU SEE THIS COMPANY IN THE FUTURE?** + +At this stage, I consider Titan Medical to be an early iteration of [Intuitive Surgical](https://www.intuitive.com/en-us) ($ISRG), which is a leader in robotic-assisted systems. Intuitive Surgical +developed the famed [da Vinci](https://www.davincisurgery.com/da-vinci-systems/about-da-vinci-systems) surgical system, which received FDA approval in 2000. Since the release of the +da Vinci system, Intuitive Surgical’s stock has appreciated over 8,000%. There is a [growing consensus](https://www.nasdaq.com/articles/under-30-2-unstoppable-stocks-to-bet-your-retirement-on-2020-12-23) +that robotic-assisted companies will become the leading investment class over the next several decades, even outpacing dominant stocks, like Amazon or Apple. Considering the competitive landscape, +the previous success of Intuitive, the rapid growth in robotic technology, and Titan Medical’s partnership with Medtronic, it’s reasonable to consider that they might be acquired by Medtronic. + +--------------------- + +**WHY SHOULD I SPECULATE ON TITAN MEDICAL INSTEAD OF INVESTING IN INTUITIVE SURGICAL?** + +The easiest answer is the best answer. This is a microcap stock forum, and our goal is to discover and speculate on companies before they reach extraordinary valuations. Intuitive is an established company, and the majority of its yield has already been realized. Titan Medical is an early stage, medical robotics company, with a suite of emerging robotics technology, and a series of upcoming triggers both in the near-term, and over the course of the next several months and years. Their incentive based partnership with Medtronic gives them access to capital, engineering, and leadership, ensuring the company +can reach full commercialization. + +--------------------- + +**HOW WELL WILL THE SURGICAL ROBOT MARKET DEVELOP?** + +There are various opinions on this subject, but all reports indicate massive growth over the next 5-7 years, citing CAGR rates between 16-25%. You can read analysis from +[Emergen Research](https://www.emergenresearch.com/industry-report/surgical-robotics-market) and [MordorIntelligence](https://www.mordorintelligence.com/industry-reports/surgical-robots-market). +The competitive landscape is straddled between a fragmented market, without dominant players, and a consolidated market, dominated by only a few major players. More specific reports, +such as the [Global Urology Robotic Surgery Market 2020](https://www.businesswire.com/news/home/20200519005757/en/Global-Robotic-Surgery-Devices-Market-Report-2020-to-2030---COVID-19-Growth-and-Change---ResearchAndMarkets.com) report, cites Titan Medical as a top player in the robotic surgery market. Historically, and recently, companies like Intuitive, Stryker, Verb +Surgical, and Medtronic have made several acquisitions, all in an effort to gain an edge. I believe this reinforces the possibility that Titan Health could be acquired, especially considering the ENOS system has unique engineering elements and patents that existing and developing surgical suites do not have. + +--------------------- + +**WHY ARE YOU BUYING IN RIGHT NOW?** + +I have been following Titan Medical for over two years now. Previously, I was hesitant to invest due to their financial situation. I wasn't certain if they had enough capital and resources to reach commercialization, but I remained highly interested. Their presentations during 2020 were compelling, especially when they presented at the [H.C. Wainwright conference](https://wsw.com/webcast/hcw7/register.aspx?conf=hcw7&page=tmdi&url=https://wsw.com/webcast/hcw7/tmdi/1605854). I was on the verge of opening a position, and when Medtronic announced their deal, I was convinced this is was company I wanted to speculate on long term. Recently, I've noticed an increase in major [institutional investments](https://www.nasdaq.com/market-activity/stocks/tmdi/institutional-holdings), and the regulatory feedback they have received from the FDA has been great. It creates compelling headlines, and brings us closer to an ultimate FDA clearance. Based on sentiment and activity analytics, I believe that they’re entering the beginning of a hype period. I expect we'll begin to see numerous articles and forum posts about them. For these reasons, and several more, I increased my position on Friday by 6,000 shares. + +--------------------- + +**WHERE ARE WE AT IN THE HYPE STAGE?** + +Let me preface by stating that I almost exclusively prefer to enter positions before any hype exists. You will make significantly better returns +by positioning yourself before the crowd arrives than you will by chasing the hype after it has occurred. Based on market sentiment, and the frequency at which Titan Medical +is referenced on YouTube, reddit, and other social media and investment platforms, I believe we’re at the beginning of the bell curve. +I use a proprietary sentiment tracker, which I cannot release (it’s not mine), however publicly available systems, such +as Google’s trend analytics, show that activity has recently broken a 30 day high. For the first time, over the last 1-2 weeks, I’ve begun to see the first +references to Titan Medical on various YouTube channels. However, the activity on Reddit is currently very small, which is good in my opinion, since Reddit tends to be last in the hype cycle. By the time stock picks become +hyped on Reddit, most of the short term gains have been had. + +--------------------- + +**WHY DO YOU HAVE SO MUCH CONFIDENCE IN THIS STOCK?** + +My background is in medicine and human physiology, while my more recent work and education is in financial markets. Although I was not a surgeon, I have an adequate medical background to understand the need and utility of surgical robots, and to be able to accurately interpret research publications. I have a network of friends and colleagues in the industry that have helped me review the company, including several laparoscopic surgeons. However, the majority of my confidence comes from Medtronic. As a partner and investor, Medtronic received exclusive access to the finances and engineering of Titan Medical. They were able to investigate the company beyond what any of us could accomplish, and these investigations resulted in a significant partnership. Based on Medtronic’s success, their history of acquisitions, their extensive resources, and their explicit desire to dominate the robotic surgery market, I believe Titan Medical is a winning investment. Because Titan Medical is in a pre-commercialization stage, the masses have not yet noticed this stock, and I believe that provides an asymmetrical risk due to the enormous potential profit. Even at early speculative stages, I expect this +company to have a billion dollar market cap. + +--------------------- + +**THIS SOUNDS INTERESTING. HIT ME WITH SOME CRAZY HYPE. WHAT WOULD HAPPEN IN AN IDEAL SCENARIO?** + +If Titan Medical were to achieve a market capitalization similar to Intuitive Surgical, it would reach an equity share price of approximately $1,140/share. This would amount to an estimated 46,500% +increase from Titan Medical’s current share price. In the short term, I believe we see major price action based on their Medtronic partnership, their improved financial situation ($10M bought deal +offering is expected to close on Jan 29th), their FDA milestones, and their pre-clinical operations. Based on the impressive price action on Friday, and over the course of the previous week, I +expect this company to start hitting Reddit, YouTube, and other major forums, which, believe it or not, has been a major indicator for short and long term stock gains. + +--------------------- + +**TL;DR**: Titan Medical is a surgical robotics company that developed the [Enos surgical suite](https://titanmedicalinc.com/technology/), an innovative, single-access surgical system, designed in coordination +with laparoscopic and robotic assisted surgeons. This company plans to replicate the success of Intuitive Surgical, a surgical robotics company worth over $87 billion, who’s share price has increased over 11,000% +since the introduction of their da Vinci surgical system. In addition to their rebranding, Titan Medical recently completed an incentive based partnership with Medtronic, the largest medical device company in the world, +which will provide financing, board oversight, and research and development assistance. This is a major milestone for Titan Health, because it ensures their success, either through their own development, or through acquisition. +The stock has been on a steady upward trend since the deal was announced, but based on recent volume and online activity, and growing institutional investment, I believe it’s entering an accelerated bullish phase. + +--------------------- + +**POSITION**: 12,000 shares of TMDI + +Obligatory Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I know they're the same thing but by day trading I mean holding for 10 minutes or more, sell by end of day. Scalping I meaning holding anywhere from seconds to minutes. + +I find that when I trade in the morning I get very tense whenever I submit an order and just stare at the charts. I almost always end up "scalping" thinking that I might as well take a little profit or lose a little over a lot. What do you guys find works for you? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +&#x200B; + +[SOURCE: https:\/\/www.federalregister.gov\/documents\/2021\/06\/30\/2021-13912\/self-regulatory-organizations-the-depository-trust-company-notice-of-filing-of-and-immediate](https://preview.redd.it/j25iosw7cd871.png?width=1077&format=png&auto=webp&s=ef2453a99ac7b763fd7189d1033f6cd0d037b4a4) + +&#x200B; + +005 - the never ending story - but lets hope they actually enforce it and put an end to the corruptness and on going shenanigans. +I'm not posting the link because I don't want to give either the clicks. CNBC and fuck nuts boomer face are promoting banks that are about to implode. Cramer is blatantly fucking with peoples money especially if these banks on the verge of cratering. Nothing makes me more irate. If any two entities that deserved to get cancelled it's Cramer and CNBC. Cramer did it in 08 and he's doing it again. FUCK I'm pissed. +LOL. + +http://www.bloomberg.com/news/articles/2016-09-28/california-suspends-wells-fargo-from-state-bond-investing-work + +"Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst, a culture which actively promotes wanton greed,” the treasurer said in a statement. + +"California, the nation’s largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer accounts. +The suspension, in effect immediately, will remain in place for 12 months, State Treasurer John Chiang said Wednesday. **"Complete and permanent severance" between his office and the bank will occur if it doesn’t change its practices, he said.** The treasurer is also suspending his office’s investment in Wells Fargo securities." +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I've seen this discussed as a sort of side conversation, but I'm curious what folks think about finding work which you are passionate about. + +One common goal among folks in this movement is to not work, so you try to maximize income and savings to reach a point where you don't have to work. I'm in a circle of peers that are very interested in a career which fulfills their passion and which does good by the world. I'm starting a funded PhD program in clinical psychology in the fall, and I know I could have chosen a career that would make more money and that would probably still interest me (I-banking was one of my alternative career paths), but my hope is to do work that is meaningful to me and that makes an impact on the world. I still want to reach financial independence so that I'm not at the mercy of an employer, and I still would probably like to reach a point where I don't have to work as much, but I can't ever imagine fully retiring when I have a skillset that can do good for the world. + +I guess my questions are: did you try to find work that you're passionate about? If you couldn't, what made you decide to relinquish that particular requirement for work? If you did, what about FIRE appeals to you? + +Edited to incorporate some helpful comments. +Long story short: I was working remotely for the company I am at and supporting a 2nd location. I was recently offered a higher position at the 2nd location with the exception I work on premise. So I will be relocating to a different state. + + +I am 6 months in on a 12 month lease. I contacted my rental company and asked about early lease termination. Below are what they stated: Note- currently paying $2100 a month for rent. + +* Requires a 2 month notice (I would still have to pay rent for the 2 months so, $4200). + +* Early termination fee which is 2 month rent (another $4200) + +* They had a deal where first month rent was "free" and I would have to pay it back ($2100) + +* and I would lose my initial deposit of $2100 since that charge was to cover potential damages to the apartment, and not really rent. + +* in total, i would be expected to pay $10,500 just to move out. + +Now I am a first time renter, and I really haven't ever dealt with this sort of thing. But is this normal? + +Do I have any options here? I would not even mind paying for the final 2 months.. but all these additional charges are sort of predatory to me. + + +Lastly, what would happen if i were to just give them a 60 notice, pay for the final 2 months and leave? + +Edit: not ignoring questions- I have a meeting with someone from the leasing department tomorrow i'll bring up some of the questions ask/try to negotiate and update. Thank you everyone + +Edit 2: I would add I don't mind paying the entire fee if im SOL... just can't really afford to pay 11k all at once or within 2-3 month time frame. +What is everyone's recommendation for a dividend growth fund or funds that compliment SCHD? I still have about 25 years until retirement. These funds will be in my Roth IRA. My current portfolio is below, but I'm still new to investing and not sure if I'm holding the correct funds for someone my age. All suggestions are appreciated. + +SCHD-40% + +COWZ-20% + +AVUV-15% + +BBCA-20% + +KSA-5% +I've been following Sears & Blockbuster since we all became aware GameStop was linked to a naked-shorted basket of zombie retail stocks, and Ryan Cohen cryptically tweeted about both companies. + +The following must be read with the awareness that TikTok is expanding into gaming, and is doing that through Immutable X and GameStop - [as mentioned here](https://www.reddit.com/r/Superstonk/comments/uszt1k/tiktok_plans_major_push_into_gaming_market_and/) by u/knutolee. + +&#x200B; + +https://preview.redd.it/9y0oejpp7bs91.jpg?width=1840&format=pjpg&auto=webp&s=84ce3d4fa3cd521ffc2e0d0439a3f16e5f7c5bbd + +Every gaming related NFT on Immutable X is going to be purchased via the GameStop marketplace. + +Armed with this knowledge of GameStop's not-so-indirect partnership with TikTok, let me take you down the rabbit hole. + +\_\_\_\_ + +&#x200B; + +Sears and Sears Canada are emerging from bankrupcy at the moment. u/SixStringSuperfly discovered that **2 days ago**, Sears Canada joined TikTok and began a [bizarre media campaign with a provocative style](https://www.tiktok.com/@sears_canada/video/7150775587160820998?is_copy_url=1&is_from_webapp=v1). Something a social media brand strategy company would think up. + +I decided to dig a little further... + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada](https://preview.redd.it/upu9cwu15bs91.png?width=1841&format=png&auto=webp&s=5917c50fe18cd41f999dde2ebb454fe03c1e5557) + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada\/video\/7150775587160820998?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/st8gy5of5bs91.png?width=1234&format=png&auto=webp&s=c70a5b7066481783b65378a5752eb9c8e23d57bc) + +**7 hours ago**, Target Canada, who own Zellers, and who also failed to launch in Canada a few years ago, began posting the exact same type of content: + +&#x200B; + +[https:\/\/www.tiktok.com\/@targetca\/video\/7151490274001243397?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/qppif39z5bs91.png?width=706&format=png&auto=webp&s=c6c2af8942262b3da7736f81bd22c5280419c77d) + +And oddly enough, here's a Zellers video by a random guy **11 days ago:** + +&#x200B; + +[https:\/\/www.tiktok.com\/@yewchuk\/video\/7136322279637568773?is\_from\_webapp=v1&item\_id=7136322279637568773](https://preview.redd.it/skkov9be6bs91.png?width=399&format=png&auto=webp&s=a680e9afb3733b6ee45cb9c69b73b4b1dbbe6495) + +&#x200B; + +https://preview.redd.it/02oo7bgo6bs91.png?width=498&format=png&auto=webp&s=3eceb9c12ce6acecb485b42aefdcb1aa36abe008 + +Oh and look who makes an appearance in that Zellers video: + +&#x200B; + +[Huh...](https://preview.redd.it/tb93cl9mzes91.png?width=336&format=png&auto=webp&s=ba1b617612f3b191662758aff2bc61337741961b) + +Here we have Target Canada commenting on a Sears Canada post, who responds about a **COLLAB**. + +&#x200B; + +[Omnichannel, anyone?](https://preview.redd.it/9kkjeywkgbs91.png?width=502&format=png&auto=webp&s=7d472f37f6d3b952c21a1018b2a27f0649842c5d) + +&#x200B; + +The media is also talking about "bringing Zellers back from the dead." + +[Like a zombie eh?](https://preview.redd.it/34qu7gbmcbs91.png?width=773&format=png&auto=webp&s=3c71242eaab2c0b902e5f5fd3105f74d7766c1a1) + +&#x200B; + +It's catching on, and people are engaging with all these legacy brands talkin smack about their flop era and taking each other's store space. The company behind this is doing a good job reading the zietgiest. + +The zeitgeist is that people hate Amazon because Bezos is a dick who flies around in cock rockets and treats his workers like shit. People feel guilty buying from Amazon. They miss Sears and Blockbuster, Zellers and Toys R Us, and other iconic brands from a golden era before neoliberalism and Wall Street's greed gutted the world of all basic human values, decency, and affordable housing. + +Perhaps they're leading the public through a dramatic story arc which ends with all these beloved brands getting together in the same space *\*cough\* omnichannel \*cough\** 😏 + +Reading the comments, people are crying out for a comeback. + +&#x200B; + +[https:\/\/www.thebay.com\/](https://preview.redd.it/72j3vqcf7bs91.png?width=1444&format=png&auto=webp&s=e969e157c919bd8ffab490f632dc332c13151efd) + +Enter Hudson Bay, an ***ICONIC*** Canadian retail comapny ([FOUNDED IN 1670 WTF](https://en.wikipedia.org/wiki/Hudson%27s_Bay_Company)) with a shit tonne of real estate, will house this new omnichannel alliance of nostalgic retail, which will be as powerful a draw as the nostalgia in modern cinema. And did I mention, Blockbuster is coming back with NFT streaming and was approached by a mysterious entrepreneur who's name was probably Nayr Nehoc. + +Sears in the US may well play the role as the iconic retailer with massive amounts of real estate to house iconic american brands, but we're yet to see how that plays out. + +Back to Canada - an interesting thing about Hudson Bay Company, is that it is split down the middle, with brick and mortar solely on one side, and a massive eCommerce operation on the other, called 'The Bay.' + +Hudson Bay Company recenly got a new President. Who is she, and what is her focus? + +&#x200B; + +[https:\/\/www.hbc.com\/news\/article\/sophia-hwang-judiesch-appointed-president-of-hudsons-bay\/](https://preview.redd.it/muf6ieqq8bs91.png?width=1361&format=png&auto=webp&s=814557770ee68d989947a1e201016f7f678c2c47) + +**TORONTO, September 8, 2022** – Hudson’s Bay today announced that Wayne Drummond will be retiring from Hudson’s Bay and Sophia Hwang-Judiesch has been appointed President, Hudson’s Bay, effective September 19, 2022. A highly-effective retail leader, Ms. Hwang-Judiesch has a strong track record of driving growth, market share acquisition, and enhancing the omni-channel customer journey. **Working closely with The Bay on the overall Omni Customer, Brand, and Platform strategy, she will bring to life the Hudson’s Bay stores component of the strategy, including the execution of the company’s in-store digital selling transformation, customer experience and store optimization.** Ms. Hwang-Judiesch will report to Richard Baker, Governor and Executive Chairman, HBC and join The Bay’s Executive Committee led by Iain Nairn, President and CEO, The Bay. + +**Last year The Bay (digital) and Hudson’s Bay (stores) announced that its store fleet and e-commerce business would operate as two separate businesses, accelerating its digital-first transformation. The two operate collaboratively to deliver a seamless customer experience, and The Bay remains responsible overall for shared functions including Brand Direction, Marketing, Buying, Planning and Technology for both businesses.** + +Most recently, Ms. Hwang-Judiesch was Vice President of Strategic Initiatives at Ulta Beauty, where **she led the build and launch of Beauty@Target, and managed 13 workstreams, including: Merchandising, MP&O, Store/Service Operations, E-commerce, and Supply Chain.** Previously, Ms.Hwang-Judiesch **was Senior Vice-President at Carter's Oshkosh, responsible for the company's largest multi-channel market with accountability for stores, e-commerce and wholesale.** Before Carter’s Oshkosh, Ms.Hwang-Judiesch was with Esprit de Corp as China Country Manager - Retail, Wholesale & E-commerce, China Brand, overseeing the most important market for Esprit globally. + +On her appointment, Ms. Hwang-Judiesch said, “I am excited to return home to Toronto, as I already hold a deep connection and affinity for Hudson’s Bay, so I am thrilled by the opportunity to lead Hudson’s Bay stores. **This is an incredibly exciting time in the industry, when brick and mortar retail is redefining itself. I look forward to building on the transformation already underway at Hudson’s Bay**, to elevate and shape the customer journey and drive growth across the business.” + +“We are very excited to have Sophia's broad global and category experience on our team, **as we transform The Bay and Hudson's Bay for Canadians**. We are making incredible strides in technology and digital innovations, and our store organization is critical to the omni-channel experience of our customers. I am confident that Sophia will lead the team on an exciting and **transformational journey t**hat delivers impact for our customers and results for the company,” said Iain Nairn. + +\_\_\_\_ + +&#x200B; + +A heavy digital-first transformation that will bring omni-channel brands to Hudson Bay locations. + +Very interesting. + +So back to the Sears Canada, Target Canada, Zellers, and Blockbuster TikToks... + +I was scrolling through this Sears Tiktok post and spotted this interactoin: + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada\/video\/7151186729544797445?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/u8ewguq69bs91.png?width=718&format=png&auto=webp&s=4e02d949c58b1b6ae196217732e6ad71bbb40018) + +&#x200B; + +[:O](https://preview.redd.it/z6eha2wa9bs91.png?width=512&format=png&auto=webp&s=e7f71e8d25b680f1b9a26c22807bdda96160a2fd) + +&#x200B; + +https://preview.redd.it/6vproptfgbs91.png?width=495&format=png&auto=webp&s=c87dd11df6b43f04f33bb7389db0dda65697744d + +Will Canada be the testing ground for the Great Mall of Gmerica? + +&#x200B; +My dad is a wonderful, kind man who is absolutely garbage at anything finance related. Back in the '60s, he started buying model trains (HO gauge, Märklin brand) and told my mom that they would appreciate in value. + +Today, I learned that he had car trouble and asked him why he didn't try selling some of the model trains to pay for his car. The heartbreaking response was, "I tried." + +Apparently, his model train collection—which was once valued at nearly half a million bucks—is now worthless. He has retirement, but it's very modest. + +What do we do? Do you know of any way we could recoup the money he invested in these things? + +&#x200B; + +tl; dr–My dad invested his money in a now semi-worthless German model train collection. How do we try to get back some of his investment? + +&#x200B; + +EDIT: Pics requested, so [here](https://i.imgur.com/iOdgs4Z.jpg) [they](https://i.imgur.com/BBBCAkS.jpg) [are](https://i.imgur.com/2SZP2eU.jpg). +About to sign a contract on a house and all this interest rate news has me terrified. + +First time buyer, borrowing around $600k at 2.09% interest.. variable. + +This seemed like a no brainer since the best fixed option was 3.79%. That’s a $700 difference in monthly replacements. But then this news came out.. + +The other reason I wanted variable is that it allows us to make unlimited extra payments, plus you get the redraw and offset accounts. We’re a ~$170k income household but will be left with little to nothing in savings once the deposit is made, however we’ll just pump everything we can into extra repayments and save a little on the side too. + +With all this news basically I just want to know if we’re being idiots.. + +I know I’m a dunce with all this but I just want some serious answers with either a bit of reassurance or telling us to run the fuck the other way and forget about this dream for now. Fuck this is shit. +Hi guys + +Recently got a job paying 55k a year at age 18. I would like to ask, if you were in my position, how would you utilise this money at my age to set myself up for the future? + +For context: I already have investments in ETFS and couple of ASX blue chips using money from previous job. I live with my parents whom are in no rush to kick me out, however, like any young adult I am itching to move out and would consider it to be my largest financial goal right now. + +My expenses are quite low other than general car expenses and food/booze. + +Any advice will help + +Thanks guys! +Story: Went to eat Monday night at Applebees, bill was $26.92. I left a $5.00 tip, total was $31.92, paid using my credit card. Fast forward to yesterday after checking my account and the posted amount was $34.92 and Im like no way. I call the restraunt and speak to a manager. I tell them must be a mistake. They pull my ticket and it looks obvious as hell. I also call corporate and call my credit card and disputed the $3.00 extra. Unfortunately I was not the only one she did this to it seems but I was the first to raise the flag. I was compensated with a free meal a free alcoholic beverage of my choice from the menu. So moral to this post, dont always assume that everyones honest and keep your copy of the receipt until the bill has posted and dont pay a tip with a CC anymore, only cash and write in No tip on the tip line. I will still pay my meals with a CC for the rewards. I was able to snap a picture of what the server did to my receipt. http://m.imgur.com/ddMiABo +While I'm really happy in my current role, I recently felt like I was underpaid by maybe 5-10&#37;. But I wasn't sure, so I did some market research which confirmed I was slightly below market. Meanwhile, I updated my LinkedIn and started networking with recruiters to get ready for my next role down the road. My hope was that I could learn more about market rate for my role and the next role I might take. + +Within 24 hours of all this (last week), two **different** recruiters reached out to me. When they asked for salary range, I quoted the market research that I found. Turns out it was spot on and these recruiters are submitting me to jobs that pay between 20&#37; and 30&#37; more than what I currently bring in. I was not expecting that, at all. In fact, assuming I get an interview, I intend to go through the process for one of the jobs because it seems pretty cool. + +I'm pretty happy at my current job, but that's a huge raise. The thing is, I have no experience countering a current company and I've only ever attempted a salary discussion post-hire one time. + +I know the general rule is never attempt to counter your current role unless you have an offer in hand for a job you're willing to take. But what about approaching my boss/HR (once I actually get an offer) with something like "Hey, I'm really happy here, but I was approached by other companies. One of them made an offer. While I really like it here and don't want to leave, the offer is for a lot of money. Is there something we can work out?" + +I concede that I am still towards the beginning of my career (5 yearsish experience) and am very ignorant in the ways of salary negotiation. Any tips and advice are much appreciated. + +Edit: fixed typos and cleaned up some wording +We hit 3000 subscribers. Just in time for the Emus(Bulls) to begin their takeover of the sub. Though today's mildly down day does make the Emus duck a little. + +&#x200B; + +We also had our first Ban. [/u/Covid19tendies](https://www.reddit.com/u/Covid19tendies/) has been banned for Penny stock bullshit and YOLOing without proof. If sufficient buy orders of $100k or more are given, the ban will be lifted. + +/u/BBUS4LYFE abandoned ship in the face of a ban for crimes against Bearanity/Bananity. Their account is now deleted. +Jump on Sydney Weather tomorrow boys. 🚀🚀 Been slowly doing DD for ages on this. Last 2 quarters haven't really seen numbers like as seen in the chart below..... Obviously DYOR before you decide weather or not to jump on board. Not a financial advisor. To the SUN 🌞🌞🌞 + +https://preview.redd.it/tsi1dvghnao51.png?width=354&format=png&auto=webp&s=c76906eb6b3939c1d36c7fab040c7b77b763a215 +Found some good DD on there but fuck me ask the wrong question on a stock with a cult following and the whole thread turns into monkeys flinging shit at each other. The format sucks dick too. +In my experience Forex is the "gold standard" for trading. I don't think there is a harder market to predict. Makes sense considering you're dealing with a ratio of multi trillions of dollars, but there are much easier markets to predict, that can generate you the same profit. It begs the question as to why do it at all? + +I know there's the banks & the 0.001% of people that need the liquidity of Forex, in which case fair but I really kind of doubt it? + +Ultimately, everyone is here to make money. WHYYY do people try with Forex?? The underlying % change between assets is ultimately what everyone cares about. With Forex it's negligible. We had to design our own measuring instrument to measure changes. - "pip" (point in percentage) littraly means the smallest amount something can possibly change. + +Can anyone tell me why trading Forex is better in any way? It's harder, markets hardly move, you need more leverage, the charts are bidirectional.... It baffles me that there's so many resources dedicated to teaching people about Forex when other markets are much easier & get exactly the same result, (untill of course you're at the top 99% of wealth in the world for liquidity) + + +Is there an answer? A reason why it's attempted by the retail market at all? +http://forum.mrmoneymustache.com/welcome-to-the-forum/new-yorker-article-on-mmm/msg987552/#msg987552 + +I see he's still dodging answering the real question, why he uses a power drill to stir peanut butter. + +Original article thread: + +https://www.reddit.com/r/financialindependence/comments/46zv0o/new_yorker_profile_on_mr_money_mustache/ +So I come from a Asian family and traditionally children are basically the retirement plan. I don't mind supporting them financially since they did pay for my schooling till university and take care of me. My dilemma is that my parents are older than most for my age. My parents are 65 and one year away from retirement and I'm 21, just graduated. Ide really love to hear how other people in similar or have been through similar situations are managing . +[https://finance.yahoo.com/news/boeing-suspends-dividend-ceo-foregoes-232425300.html](https://finance.yahoo.com/news/boeing-suspends-dividend-ceo-foregoes-232425300.html) +https://www.cnbc.com/2019/03/18/facebook-has-worst-day-of-year-on-downgrade-investigations-and-exits.html + +Facebook shares extended their losses Monday after a downgrade from analysts at Needham. + +There's growing concern that more executives could leave following the departure of Chris Cox, the company's product chief, who resigned last week. + +State attorneys general are looking into how big tech companies like Facebook and Google handle user data as the federal government fails to act. + +I am getting some money ready if it go down more! +Throw away account. + +Family : 48m, 43f , two middle school kids. Annual expense : 130k House mortgage: 32k/year Health insurance if I take it by myself: 25k 350k in 529s for kids. Bay Area Total expense if I were to retire :187k/year + +**Money generating Assets:** 2.5m in 401k. 3.1m in fidelity . 10k/year rental cash flow from a 900k property. **Total is 5.6m and 10k/year**. + +At 4% , I’ll get 234k/year. + +Networth : 2.5m 401k , 3.1m fidelity , 900k, 2m equity in house. Total is 8.5m networth . + +Am I a done or do I have to still keep going? Am I cutting too close with two young kids. Both of us are in tech with combined family income of 700k/year. + +**Summary: 187k/year expense. Income after retirement: 234k/year at 4%** . **post tax income 200K/ year**. **8.5m networth**. + +Wife is uncomfortable pulling the plug. I am ok except i am worried about biden taxes which might reduce my post tax income.. She earns 200k per year and wants to continue atleast another 4 years. I want to retire because I have family history of age related health problems so don’t want to regret losing my healthy years wasting away in a cubicle. +Been looking into investing in a boat slip for rental purposes. + +Anyone with actual experience to share? I’ve evaluated it similar to real estate, so not sure if there is a different way I should consider? + +Based on what I’ve seen in the market they turn about a 5% cap rate (example: $89k purchase price with $4.5k annual rent). And that’s before depreciation (15-year, I think), interest deduction, mileage write off (to drive to beach and check on marina), etc. + +If/when financed, monthly payment will be immaterial to me, so not concerned about investing in a “luxury” item at this stage in the economic cycle and with coronavirus uncertainty. Rents are prepaid for the year in-advance, with no cancellation provision. Plus side: if I can’t find a renter I can just buy a boat and use the slip myself! + +(Note: I tried to post this similar question yesterday, but think I messed something up - so sorry if this is duplicative) + +Edit: thanks, everyone, for the thoughts / views / concerns / ideas. Really appreciate it. I was 75/25 before posting; now I’m 50/50, so not sure whether I’ll pursue or not. I def need some additional answers before I’d do anything, in any case. Cheers! +So my gf’s parents want to sell their home. +On the market is goes for $145k. The comps look to match that going as high as $160k. +It’s a 4 bed 2 bath with an unattached office. 0.45 acres. Rent goes for $1275/month. Roof < 5 years. They’re asking for $124k cause they have 84k left on the mortgage and want to walk away with $40k cash. +What do you guys think. +My mortgage payment would be $539/month. +Taxes are $900 +No idea what insurance would be. +Location is Anderson, South Carolina + +my interest rate on 30 year is 3.256% using VA loan. +**TL;DR: There are much better alternatives for everything that CRO/CDC offers (see points below).** + +This post will probably get downvoted and buried to hell because I know there are a LOT of CRO holders here, but people will want to understand these points, add a dash of skepticism to things they read on public forums, and critically assess their investments and competition of those investments. + +First off, I will give credit where credit is due: + +1. They own the greatest domain. +2. They have been KILLING it with their marketing. (Could their massive budget also be used to pay online shills?) + +However, neither of these things, guarantee that CRO will be a great investment. + +In fact, I will argue that it is actually NOT a great investment because there are much better options for everything that CRO/CDC offers. + +1. CRO Argument: **3% back on spending with locking up $4,000 worth of CRO for 6 months.** + * Better Alternative: **Coinbase debit card 4% back on spending with $0 lock up.** Obviously superior, period, end of discussion. + +2. CRO Argument: Yeah, but… **10% staking reward for 6 month lock-up on Jade/Indigo card+ and Netflix/Spotify reimbursement.** + * Better Alternatives: If you actually want to hold CRO, you can get up to **60% APR on [the CRO/OSMO LP on Osmosis] (https://app.osmosis.zone/pools) with only 14-day lock-up AND rewards paid during unbonding.** + * The added rewards will MORE than cover the cost of Netflix/Spotify. + * Here's a comparison with some better stake/lend rewards on other coins: + + Coin | APR | Lock-up +---|---|---- +CDC card stake | 10% | 180 days +ATOM | 14% | 21 days +OSMO | 81% | 14 days +JUNO | 112% | 28 days +SCRT | 24% | 21 days +UST | 19.5% | 0 days + +3. CRO Argument: Yeah, but… you could get **higher earn rates on other coins.** + * Better Alternative: Sure, you may get slightly higher rates, but **you have to lock-up your coins for 3 months and stake $4,000 in CRO** (both have opportunity costs and many people undervalue how much sacrificing liquidity could cost you when better opportunities arise). + * I’d much rather lend my BTC, ETH, etc. on **platforms with good returns and ZERO lock-up time and ZERO other coin stake** – like FTX app, Celsius, and Ledn. + * BTC Earn Rates: + * CDC: 6.5% with 3 month lock-up and $4,000 CRO stake. Stake less CRO or only 1 month lock-up and rate drops to 4.5%. + * FTX App: 8% with 0 lock-up or other coin stake (up to $10k BTC) + * Ledn: 6.25% with 0 lock-up or other coin stake (up to 0.5 BTC) + * Celsius: 6.20% with 0 lock-up or other coin stake (up to 0.25 BTC) + +4. The exchange itself – **Crypto.com trade fees* are ATROCIOUS** compared to some alternatives. CDC Exchange isn't even available to the US yet. US has to use the Crypto.com App, which the fees are even worse. + + Exchange | Trade Fee | Discount +---|---|---- +CDC | 0.4% | 0.36% with staking 5000+ CRO +Binance (.com and .us) | 0.1% | 0.075% with ANY BNB +Kucoin | 0.1% | 0.08% with ANY KCS +FTX.com | 0.02-0.07% | 3%+ off with $100+ FTT +FTX.us | 0.1%-0.4% | None +Kraken | 0.16%-0.26% | None +Gemini | 0.25-0.35% | None + +*Level 1 trade fees as of date of this post. + +All in all, CDC is a decent platform and does a lot of good by spreading awareness about crypto, but, for the reasons above, I don’t believe it do be a great platform, nor CRO to be a great investment. + +Happy hodling. + +--- + +**EDIT:** LOL at some of these comments. + +"You're just a Coinbase shill!" + +"You're just an Osmosis shill!" + +"I made money with CRO so you're wrong!" + +"You want me to use 20 different platforms?!" -- Uh no, I'm just giving examples. + +**Look... for those saying "I'm willing to give up some yield and pay higher trade fees for the convenience of one app" that is a totally FAIR statement and I'm happy that it works for you.** + +**The point I'm making is not against you.** + +**My point is against the countless threads and comments hyping up CRO as some god-tier coin that is the best and most undervalued investment on earth and going to make all the holders millionaires.** + +Many of you are acting like I said CDC is total garbage and sucks. Go re-read -- I said it's a decent platform with excellent marketing and does good by spreading awareness... but there are better options for trading and earning yield. + +"4% Coinbase card isn't available in my country" -- Another fair statement, but you're missing my point. Again, I'm not saying CDC is bad, just that it's not the best thing in the world. Obviously I don't know every debit/credit card that's offered in every single country, but even outside of crypto cards there are credit cards that offer 3-5% cash back/travel points and sign up bonuses worth $500-1,000 (see r/churning). If that's not available in your country and the CDC card is your best option, then cool, get the CDC card! +The disruption is great, and I really can't wait to see most of it. Few things however, would make me happier than seeing a competitor who wipes out ticketmaster. Just offering this up as an idea for anyone looking for a project. I am sure you have a market. No one likes ticketmaster. +Good morning all. Thank you again for all the great suggestions and the lively discussion yesterday. Here's the daily update on RRGs. Based on the requests I got, I added more ETFs and tried to improve the readability of these graphs. In additional, I am also including an "international" ETFs if you want to diversify your portfolio further. + +&#x200B; + +[Intro to how to read the charts](https://preview.redd.it/5nfhwpcbtqr61.png?width=1600&format=png&auto=webp&s=fbbd5d4cba11ebb3a6e66a02f4cb59d82373717b) + +&#x200B; + +[By sector](https://preview.redd.it/0wlhzsha1rr61.png?width=1600&format=png&auto=webp&s=170a5f0b776f4fc09409747ed220f2fbcaaa7325) + +First set of ETFs: + +[ETF - First Set](https://preview.redd.it/kqw1e8wdtqr61.png?width=1600&format=png&auto=webp&s=cac87d913db77d30f41143ab3661fb5d4c507740) + +Second set of ETFs: + +[ETF - Second Set](https://preview.redd.it/1bun0kaftqr61.png?width=1600&format=png&auto=webp&s=2b2a9c450277908fb6f374581054404a4fcdc37f) + +International ETFs (going forward, I can just add this in the album): + +[ETF - International](https://preview.redd.it/yx6p4auktqr61.png?width=1600&format=png&auto=webp&s=80bdc91bddaf6f0a790a0184934702888367bdd4) + +You can find stocks within each sector [here](https://imgur.com/a/Z9WvlQY). + +Edit: thank you for the silver! +So I’m planning on selling a couple positions for a tax loss, but I’d like to sell an ATM put with an expiry over 30 days out. Will this make it a wash? + +My accountant needs to look into it further and I need to do this tomorrow. Wondering if anyone has sold a put with a further expiry on a stock they took a loss on for tax purposes without creating a wash. +I know they have had a terrible time since the IPO currently 96% down but how much lower can it go? With billionaire Stroll pumping cash in and taking Aston Martin to F1 this will be a great move to raise the brands profile this coupled with their SUV DBX lunch which is supposed to save them currently sat at 2k orders, what is everyone’s thoughts on the bounceback? +Hi Guys, + +The Vanguard U.K. Gilt bond. + +I am not necessarily interested in investing in this particular unit but I did find it quite unusual on the 22nd April 2018 the bond price spiked to £2029.000 from ~£26. + +I am fairly new to investing and was wondering if somebody could explain why this occurred? + +I haven't seen it mentioned before on this sub and it may be useful for other beginners to learn about this particular event. + +I am using trading 212 as my brokerage. + +SteveFc +As the title says, I'm looking to invest passively in an index fund or ETF for a period of 2 years to save for a house deposit. Currently a student so I don't have much money coming in, but once I get a job I will begin to top up the investment with 20% of my income each month. I don't have a huge risk tolerance, a tracker that tracks the S&P500, FTSE100 or maybe FTSE250 would suit me. I'm interested in gathering some opinions on how to choose between an ETF and index fund. Also, would Vanguard or iShares typically be the best platforms to use? Thanks in advance! +I'm another new investor having only started investing late last year. My S&S ISA contains a number of funds mainly covering the UK and US with a little bit in Asia. All of my US funds are with Baillie Gifford. They cover specific sectors, but are all very US Tech heavy and I expected some of them to be quite volatile. + +Like a lot of people, I jumped on the bandwagon when US Tech stock started to rise rapidly. Though I only started investing towards the end of last year, I still made some decent gains. As we've seen US Tech stock descend, a lot of us have seen the value of our holdings fall as dramatically as they rose. My % growth for the year has gone from over 15% to less than 5%. Most of my BG holdings are now in the red. I would've sold them, but I didn't react quickly enough. Though the temptation was there to cut my losses I think it's better to wait for them to rise again, though I am prepared for this to take a long time. + +**Short term:** As mentioned, most of my BG holdings are now in the red. Despite the funds being actively managed, it seems BG don't dramatically change their holdings in response to market conditions, so any recovery may take a while. I expect I will continue to drip feed these funds to take advantage of lower prices. BG American was still blue, so I've sold it for now. I'll hold onto the cash from it and try to buy back once it dips further. Unlike the other BG funds, I expect American will begin to recover much sooner. + +**Mid-Long term:** My current mid to long term plan is to move away from higher risk funds. It's likely I will keep a couple of the BG funds, but move away from the most volatile, reinvesting in something a bit more predictable and/or that diversifies my portfolio more. Ultimately, I want to get to a stage where I'm not looking at my portfolio every evening and I feel comfortable just to leave it to do it's thing. + +All in all, I feel those of us who started investing in the last year or so have been quite lucky. We've seen a lot of dramatic events happen in a short space of time and it's been a valuable learning experience. It's helped me work out what I want from my investments and what I'm able to tolerate in terms of risk. It's also taught me not to respond to hype. + +One of the main reasons I'm posting this is I'm seeing a few panicked posts about how poorly their investments are doing. As we all know, the value of investments fluctuate. Tim Hale says we're our own worst enemy when it comes to reacting to stuff like volatile market conditions. It's hard to be patient when we've seen huge gains and losses in a short space of time, but I'm of the opinion that there's nothing to worry about and your investments will recover in time. + +What does the sub think of my plan going forward? How have you responded to the drop in the value of US Tech stock? +Does anyone have a view on the tech index and the fundsmith index ? the LS and the L&G index trust i'm quite confident /comfortable with. + +&#x200B; + +I dont think i'll need the the money i invest into the market for the next 3-5 years (maybe even longer) so i have a long term view here. +Will you take 5.5p or 0p? That is the question? We all know of the important vote coming up? Do you think that there are enough PI's banded together to stop the deal and come up with something amazing at the 11th hour? +I’m looking to start investing. I’m 34 and have a house so I’m looking to invest in an index fund for long term growth. I’m basically starting from zero (I have emergency fund) and can put around £300 per month into an index fund. + +My question: My understanding is in order for this to work it generally relies on compounding interest. But splitting between funds takes away from the compounding because instead of everything going into 1 fund and it compounding over time if I split between say 4 funds (to diversify) the compounding is 25% effective per fund. + +So is it better to go for one global fund that should afaik already be diversified by its nature? Or pick 4 funds which I have more choice over but it might not be as effective in the end game? + +Thanks for any help. Also I feel like at 34 I’m late to the party. +Hey all, + +I'm gonna be heading into my first year of uni in a couple of weeks, and I have 3-5k savings wasting away in the bank so I was looking at getting into investing. I've researched a little but I'm a complete beginner to this kind of stuff. Any advice on the best broker for me? I think i'd want to go in for some long term investments, maybe in renewable energy (both because i think climate change is a problem and i want to put my money where my mouth is, as well as that i think by necessity that sector should grow). Any pointers to help get started would be greatly appreciated. + +Thanks (and if i said anything silly or naive in this post please correct me :) ) +I have held 400 Lloyds Banking Group non-cumulative 6.475% preference shares for many years - these were gained when the building society I was a member of transformed into a bank. These shares net a grand total of £25 per year in dividends, paid twice yearly. + +I recently received an offer from Lloyds for them to purchase my preference shares and as far as I can work out from the impenetrable offer documentation, this amounts to 112.05% (£1.1205) per share held, + 0.26p per share for accrued dividends. For 400 shares this works out at around £552 total. + +I am tempted by this offer and I would likely reinvest this money in my S&S ISA. But I'm wondering a couple of things, if anyone could offer any thoughts: + +\- what is the tax situation on this? What would I need to declare? I do a self-assessment as a ltd company director. + +\- is there any reason to hold on to these shares? The annual dividend is insignificant and I wouldn't miss it. The offer documentation states that I am not obligated to sell but they don't guarantee ever making another offer in the future. The value of these shares has hardly changed over time (I understand they are not like common shares) so my guess is that is very unlikely to change in the future. + +Any thoughts? +Step one: Take out a loan of as much money as your credit allows at today's low interest rates. + +Step Two: Take your bundle of cash to Costco and buy their entire inventory of non-perishable food items + +Step Three: Wait for the $USD to be hyper inflated by the Federal Reserve's 2020 shenanigans. + +Step Four: Resell your beans and use the money to repay the loan. Keep the difference. + +Congratulations, you're now financially stable in a crashed economy and have enough food that anyone else would mistake you for a doomsday prepper. I am not a financial advisor. This is not financial advice. +So. I'm one of the morons that started learning and studying day-trading two months ago after being laid off. Since then I've consistently made money, and averaged above my previous salary. I've learned several expensive lessons, I've had a couple negative weeks even, but always came back and then some. Im starting to think this might actually work as an income source, but that seems ludicrous. I guess "humble brag" or whatever, but someone with years of inexperience (compared to my weeks) please tell me a horror story of it all going to shit. I've been treating it as a full-time job every day and I really love it. It just can't be this simple to get out of the rat-race. I've been involved enough to know the market is far from "normal" right now. Perhaps that has made it easier on me. + +I'm legitimately terrified that I'll fuck it all up so badly if I decide to just pursue this indefinitely. +What is the prevailing wisdom on how to take advantage of the +Once in a decade+ opportunity, While also believing that time in the market beats timing the market so your cash is usually tied up? Hold more cash? Sell what you are currently holding to seize the opportunity ? +What is the prevailing wisdom on how to take advantage of the +Once in a decade+ opportunity, While also believing that time in the market beats timing the market so your cash is usually tied up? Hold more cash? Sell what you are currently holding to seize the opportunity ? +There are around 80 million cars sold per year globally. If Tesla were to capture a whopping 25% market share at \~$50K/car, that would still only be 1 trillion in revenue, less than the current valuation. Sorry if this question or similar has already been asked a bunch... Is the stock being valued as if most people will one day own a Tesla? Am I missing something important here? +I've been watching a lot of videos of Jeremy Grantham as of a couple days ago. + +Of course we're in a "super bubble" and going down 50% from peak to trough he thinks. + +I guess he's always right I heard. + +Particularly though I'm watching one with Charlie Rose and its in 2010. So if we had followed his bearish take we'd of missed out on one of the best decades of gains! + +Just something to think about. +Hi, + +I have watched lots of youtube video and learned about the spreads, iron condor, etc. However, I'm wondering if there is any option trading class that you would recommend. I want to get into trading as a way of passive income. In general, as I have a day job, I probably can spend 30 min a day on this but not sure about more time. (i.e. I don't think I can do day-trading). + +&#x200B; + +What would be your recommendation in terms of learning about this? + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +I was reading somewhere that Warren makes investments into companies that are fairly priced or close to fair price. How does this differ from the traditional value investing formula of finding good companies for cheap? (.50 cent dollars) +Here is the announcement: [https://www.newyorkfed.org/markets/opolicy/operating\_policy\_200312a](https://www.newyorkfed.org/markets/opolicy/operating_policy_200312a) +I've been watching a lot of videos of Jeremy Grantham as of a couple days ago. + +Of course we're in a "super bubble" and going down 50% from peak to trough he thinks. + +I guess he's always right I heard. + +Particularly though I'm watching one with Charlie Rose and its in 2010. So if we had followed his bearish take we'd of missed out on one of the best decades of gains! + +Just something to think about. +Can GOOG be considered Value at current levels?: + +Stock Split happening + +Drop of 24% from highs + +$70 Billion in buybacks + +So, maybe value is not exactly the right term to explain it but with Walmart with a much higher PE, Google is looking quite interesting at these levels to me +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +I am currently at the last year of my college degree and have started my adventures in capitalism this year. I had always been interested in investing and the stock market. I have spent a substantial amount of time studying, reading, listening to Buffett, Munger, Pabrai, Graham, Seth Klarman, Guy Spier, Tom Gayner and a host of other investors and associated books. I only finished reading the Nomad Investment Partnership Letters the other day. I have bought only 4 stocks to date with plans to hold them for a while, no meme stocks, I think I understand the businesses and feel that I know what their prospects may be. + +Now I do not spend the day looking at charts or constantly looking at the stock price, but there is a part of me, at the back of my head that is constantly anxious about the stock market and where it is going, I know this probably sounds irrational, but I am having a hard time doing any work and constantly feel this nagging worry about the money I have money in. It is getting very difficult to focus on anything. + +So I really need to know if other people face this or not? and if yes is there anyway to circumvent this? Does it get better over time? Can you actually have an actively managed portfolio and have a job at which you concentrate and are good at, or is this all you have to focus on as an active investor? Does this pass or am I one of those people who are better off with an Index fund rather than active investing(considering the amount of time and effort I have put into learning investing, that would be a very sad outcome)? + +Any help would be much appreciated + +&#x200B; + +edit- I currently own Micron, Alibaba, LAM Research and BJ's wholesale. +Curious to hear opinions on the importance of consistent share buy backs. I was taught that it's an important metric, as you don't want your current holdings to become diluted assuming you are a share holder. + +The reason I ask is because I'm having a very hard time finding a REIT that practices consistent share buy backs. Perhaps this is industry related. I understand that real estate often times is a "debt heavy" industry. Continuing to issue more shares is another avenue to raise capitol and perhaps avoid accruing more debt. As a potential share holder, this makes me think twice. + +Am I paying too much attention to this metric? +I found some promising deep value analysts on Seeking Alpha and elsewhere, and I'd like to back test their stock picks of the past (how well did they perform, and how well they did after x months). However, just researching the stocks and calculating their performances for certain periods is very time-consuming, does anyone know how to do it better? +I've been thinking lately about how the future will play out in terms of climate catastrophe, given that it *seems* more likely as each day passes. + +I mean, here I am slaving away at a job I couldn't give two shits about with the hope of living life 100% the way I want to... eventually. What if eventually never comes? + +What if, because of the effects of climate catastrophe on the stock market/society/money/whatever, we get to the point that it is no longer possible to be FI? + +While writing this out, I'm reminded that it's important to enjoy every day while we still have it. I guess this would be easier to do if I didn't want to escape work entirely. + +Does anyone else share concerns about this? +From what I can tell it’s not exactly a risky play, has a good dividend, and fidelity has a buy rating on it, but he’s 12. He’s all about investing and always puts half of birthday/Christmas money into the market. To this day it’s only gone into fidelity zero funds. Now he wants to get a little risky. I figure it’s a great learning experience. + +DD [requested](https://ibb.co/ZHk6mxB) + +Here it is: + +DD [written](https://docs.google.com/document/d/183jN0ZNJGW08Bhi0Hb5dwkKYZ9rsqG1rVDJXgvdW-08/edit?usp=sharing) + +Thank you for gold! + +Shares [bought](https://ibb.co/WWYd8s8) +https://www.thestar.com/amp/news/gta/2020/03/04/did-free-cash-drive-people-to-quit-work-not-according-to-a-new-study-of-ontarios-basic-income-experiment.html + + + +I posted this article because I feel like it parallels one of the main benefits of FI – More freedom to pursue jobs and activities that you deem as higher value. + + + +To briefly summarize, there was a pilot project in Ontario that saw roughly 4000 people receive universal basic incomes (UBI) over the course of 13-17 months. It would have been a 3-year study, but the provincial government decided to scrap the program half-way through. So take the results with a grain of salt. That said, the items that stuck out as most interesting were that: + + + +1. Three quarters of people continued to work while receiving UBI. + +What does this tell us? It could mean that these people derived value other than money from their jobs. However, I'd say it's difficult to definitively conclude that since participants were aware that this was a short-term study and that after 3 years, the UBI would stop. Work would be necessary for them once the UBI stopped, and if they quit their jobs now, they'd be three years "behind" in their savings/careers. The amount of UBI paid (generally $17k CAD /year per person, $24k CAD /year for couples) may have also been a factor as to why most participants continued to work. + + +2. Of the three quarters of people who continued to work, more than one third were able to move to higher paying and more secure jobs. + +This to me is the most telling. It seems like these people were able to take more risks in their jobs to move to better positions, or were able to leave precarious/toxic jobs and move onto something better. Anecdotal accounts of that are within the article. I think this is the point that mirrors FI the most. Without having to worry about your next paycheque as much, you have more freedom to explore your "highest and best use", or at least find better employment. You're no longer beholden to a bad job. I've seen members on this subreddit express the same sentiments – freedom to find better employment since money is no longer an incumbrance. + + +I'd be curious to get people's views on this article, or UBI in general. How would UBI impact FIRE, if at all? +As a student, at least in my destination, I can download all the papers and books from the server of my university. + +I spent some hours downloading about +100 books on all topics that I found to be interesting. + +Currently I strive through AL BROOKS Price Action Trading (3 thick books). And I like the concept that price action is closest to the truth, indicators lag in time and are derived from price. So first price action then indicators. + +And what you do learn as a student is, learning by heart and learning methodically. I think this helps a lot towards success. YouTube vids are nice but I think information density is higher by books. +Hi everyone, + +I'm currently working at the ATO and I got a job offer from the Big4 and as a senior. Growth at the ATO has been pretty slow and I feel like my technical skills have not been tested or developed as quickly as my private peers. I think the Big4 will help me in terms of professional growth and open doors up in the future. + +However, I do have a young family and my partner has been accustomed to me finishing at 3-4pm to help with looking after the kids and house work. She has encouraged me to take the job, however, I don't think she grasps how difficult it will be. + +I have heard they squeeze every drop of soul from you while you're there; work life balance is non-existent. I would love to hear feedback from anyone with experience on moving from govt to big4 and whether they have found it worthwhile? +My parents have been conned into givibg this organisation 100k+ and they get a 36% return, 2500 per month back? How can I prove to them it clearly a scam? + +UPDATE: +Ive received the docs, 3 very large folios, it appears to be boomer miscommunication, it is in annuity(receiving principle and interest) and they are a super fund. I am going over the docs, it will take some time. I cant thank everyone who replied and msged me enough, yall are a great community, thank you. +MSM is once again trapped in a web of its own lies. By saying we will get bored they’re publicly admitting what we already know. A huge and growing group of retail investors is passionately involved with and interested in GME. + +Passionate, interested investors don’t sell their positions they hold their positions and buy more. + +Has the interest level changed at all in the last three months? Maybe it’s increased, but it certainly hasn’t decreased. + +So how do we account for a 50% loss of market cap, a halving of the share price, in an environment where institutional ownership has increased and retail has remained ultra-interested the whole time? It can only have been short selling, and with the new narrative that at some point in the future we’re sure to get bored MSM has admitted as much. + +Edit: some comments are saying institutional ownership has decreased. My understanding from Bloomberg terminal screenshots as well as posts talking about state pension and retirement funds adding in is that institutional ownership has overall increased. Anybody got feedback on that? +I think we should tell everyone this loudly and often as possible. It is disturbing that the majority of people treats their theories with the same respect as real evidence based research, when in reality it should be put on the level somewhere between Freudian dream analysis and intelligent design. They shouldn't even consider this stuff social science. + +*grammar edit +One of the biggest traps that I’ve fallen into when working on a budget is giving myself a grocery budget and then only spending that money on ingredients you’ll never use. + +Ideally, it would be fantastic to cook whole meals with ingredients. But, if cooking doesn’t fit your lifestyle right now or you need to make a first step towards saving money on food- there is no shame in frozen food. + +My husband and I would not let ourselves get any frozen foods or “easy foods” when grocery shopping in order to be more “adult” and wise with our budget. But, so many days we’d be too exhausted to cook or not know what to cook and end up eating out. As in a lot of days. + +Example: +Digorno pizza: $9 +2 Meals at McDonalds: $~$20 + +Overall, know yourself! Plan for what is really going to happen. Take baby steps. We cook a LOT now and we’ve gotten wise about getting ingredients for “easy” meals as well more involved meals. This may sound absolutely obvious to many people, but when we started getting realistic we saved a lot of money! + +Edit: just to add as a few have said- slow cookers and instant pots are also great easy ways to cook at home! My main point being that eating a cheap frozen pizza is better than eating at McDonald’s. If you’re stuck in a rut of always eating out then it’s better to take small steps to develop habits then to do nothing at all. So, frozen pizza or whatever can be your stepping stone to eating more economically. + +2nd Edit: A lot of you have really great habits when it comes to cooking/preparing food. And that is fantastic! But, for a lot of people (especially college/recent grads) it can be hard to start grocery shopping and cooking for yourself. I’m not advocating relying on frozen foods. But, maybe for some people (like myself) buying a few frozen pizzas can be a crutch that will help you break a bad, money-eating habit and start to develop better habits. + +Final edit: Thank you all for telling me to learn how to cook. I do know how to cook now and I do almost every single night. But, this was how I kicked a bad habit and developed better ones. It’s not about “learning” how to cook it’s about changing behaviors. You can be the best chef in the world but if you don’t work on behavior modification then you’re not suddenly going to have the discipline to not eat out if that’s what you’ve done for forever. +[https://en.wikipedia.org/wiki/List\_of\_largest\_daily\_changes\_in\_the\_Dow\_Jones\_Industrial\_Average#Largest\_percentage\_changes](https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average#Largest_percentage_changes) +https://www.bloomberg.com/news/articles/2020-04-16/robinhood-said-to-be-raising-new-funds-at-about-8-billion-value + +> Robinhood Markets Inc., the online brokerage that's suffered repeated outages during recent market turmoil, is close to raising new funding at valuation of about $8 billion, according to people familiar with the matter. +So, bitcoin is the king overall - store of value and possible main paying currency. +ETH as the dominant platform for decentralized apps. +Ripple as the token for large financial transfers across the borders +Monero as the top privacy coin etc... +Binance and Coinbase as dominant exchanges .. you get the drill. + +Will these able to keep their dominant position or you think some of the new coins (perhaps not even invented yet) will supplant them? +I think that in the coming weeks Cryptsy will be shut down perhaps permanently. + +I say this because in the past month following their implementation of USD markets there has been a rise in missing deposits, long withdraws, and missing coins from wallets. + +My hypothesis is that during the hack that occurred a few months ago the hacker(s) made off with much more coin than cryptsy is willing to admit. + +If you want proof of the insolvency, buy a decent amount of blackcoin. Then send almost all of it to an external address. Send the remaining amount 5 minutes later. + +Every time the large deposit always takes longer. Substantially longer. This is not a good sign. + +I don't know about you but i'm pulling all my money out of cryptsy. Seems like the smart thing to do. +I’m curious why TRX is still climbing up so much, is there any ground breaking news on it? Just because of supply and demand? Or is this the correction after the dump? +/u/auviewer posted a [link](https://www.reddit.com/r/Bitcoin/comments/7hskxd/if_you_are_interested_in_the_lighting_network/) to it earlier today that was highly upvoted and encouraging people to subscribe there to help them out. I don't think he realized at the time that it wasn't a *real* subreddit about LN but rather a place for moderator JCFY (who only posts in BCash subreddit /r/btc) to spread FUD and misinformation about Bitcoin and the Lightning Network. Feel free to go look at the small handful of posts over there if you want to see the kind of nonsense /r/btc and BCash are resorting to these days, but please warn everyone that it's definitely not an official subreddit for LN. Instead it's run by someone who wants to *destroy* Bitcoin and LN. +Since the last thread a few months ago, I've been in contact with Chase a ton going back and forth, providing additional documents (each time takes a week of processing), and with holiday breaks, I can finally say the case has been resolved and closed. **As of this week, we have been credited back all 132 charges and the total amount has been permanently refunded to our account.** + +tl;dr: we got all of our money back after my wife's card was fraudulently charged on Amazon a bunch. the biggest breakthrough was an email recapping a call I had with Amazon stating the orders went to a different state. + +\--------------------------------------------------------------------------- + +To quickly recap, [in the original thread](https://www.reddit.com/r/personalfinance/comments/qdaprv/someone_charged_my_wifes_card_132_times_on_amazon/), my wife's credit card was used multiple times over the course of 8 months on Amazon by someone else's account claiming to be my wife (totaling about $4400). + +After the last thread blew up, we went through a ton of the suggestions including filing an Internet Crimes report with the FBI, following up with local police report, talking to the Chase executive office rep, etc. After the latest round of Chase rejections (including with the Executive office after filing a CFPB report), Chase stated the only proof they would accept is if Amazon would specifically state in an email that the orders were fraudulent. I've talked to Amazon multiple times up to this point and they're very selective on what they can disclose via Customer Service due to security reasons, so I felt like this was Chase asking for an impossible task to be accomplished. + +However, I still called Amazon up again and when pleading my case with the representative, I asked her to look up a few charge IDs (the unique code after each charge that tells Amazon info about the order, including what account it's on) to prove my card was used fraudulently. When I was able to convince her, I asked if they could provide the contextual opposite of what Chase was asking for and instead of outright claiming fraud, if she could write in an email these orders were NOT going to the same address as my billing address and that they were going to a different state altogether. She agreed to do this and I was able to capture a few of the orders in an email I subsequently sent to Chase. I think we also got a bit lucky with this particular rep, because with other calls with Amazon, I didn't get as much detail in their emails. + +**This email led to a huge breakthrough in November**, as I believe this email was proof enough to convince Chase that some fraud was occurring, they investigated and utilized their backchannel with Amazon and subsequently reversed some the charges that were listed specifically in the email. Over the course of the next few months, we had to provide a bit more documentation, but ultimately we were able to get everything reversed. + +I did follow up with the police department after filing a report, but they said they forwarded the case to the local precinct in the state where the person lived, and I never heard back. I never heard back from the FBI either. + +These were the most helpful things for this case I think we did in retrospect: + +* **Filing a CFPB report -** This gave us a direct line of communication to Chase's executive office that investigates cases like this and also gave a single person that you can actually talk to over the course of the investigation. This was helpful as there were multiple updates and requests that Chase would need for further documentation, which the standard fraud process would have dismissed. Having someone you could talk to and ultimately convince there was fraud going on was instrumental. +* **Keeping your own spreadsheet/analysis of the fraudulent charges -** Having a single source of truth for everything really streamlined and helped to identify the total amount of fraud occurring, as well as making sure when I was being credited that I was getting everything back. Amazon charges are really hard to track because for each order, they can charge you multiple times depending on the shipment/merchant. For example, if you order 3 things, you could have 1 charge for 2 items and 1 charge for the last one. This and sharing an account with my family made it a nightmare to analyze and aggregate, but you can bulk download order history from Amazon and charges from Chase, so it was a matter of lining them up and greasing spreadsheet capabilities. + +Thanks for the tips everyone that responded/DMd. I hope this helps others in similar situations! +I know he probably isn't going to see this (most people won't), but I really miss Rensole. I miss drinking my coffee in the morning and reading his report. I find myself just going to his old posts and reading them, but it's not the same as getting the paper hot off the press... + +I hope you are doing well u/rensole 👑 + +Cheers 🍻 +I’ve been trading for 3 months going on 4. I know there are a few guys the subreddit tends to accept as being legit/profitable but there needs to be better ways to decide that. + +this subreddit should be about becoming a better daytrader and a big reason why so many traders fail i believe is because there are so many different methods and approaches to trading. + +i don’t know how mods work and i don’t know how we’d go about this but i’ve seen posts like this before and there is rarely any traction. + +i think having VERIFIED/PROFITABLE traders in different markets who can offer advice can greatly improve the quality of this sub. + +AGAIN, i don’t have a plan for how everything would work but i would like to think the mods should be successful traders OR a really good subreddit mod. + +there is a lack of management and i see so many scammy posts that due to the lack of legitimacy in this subreddit i think run rampant. + +i don’t mean to come off as a cocksucker but there is such potential here and i think a discussion is the least we can do as a community. + +&#x200B; + +&#x200B; + +**edit**: I don't understand the pushback. I'm not saying everyone should want to be verified. I'm saying for the ones who are profitable and want to share info they should be able to without mixing their content with chatroom nonsense or strategies with no understanding of the market. + +this will ONLY increase the quality of the sub. Imagine if you had 3 identical posts but one of them is from a verified redditor, you would choose the verified post. there will be less engagement in bullshit posts and will instead be funneled into posts with more conviction. + Here's the deal: + +Worked at a warehouse (Amazon) for a little over 3 years. + +Managed to save over $50k so far. + +I've been wanting to invest for some time, and given the way the market is looking due to the pandemic (COVID-19), I feel now is a better time than any to get started. + +My job has given me a couple of free stock that's being "managed/held" by Morgan Stanley. I plan on keeping these long term. + +I've been doing some research on where's best to invest (i.e. ETFs, Index funds, Options, mutual funds, etc.). + +My plan right now is to take $10k that I have in cold hard cash (I don't keep my money in a bank - this might not be the best thing) and put it in the bank (Chase). I know Chase has a You Invest Now option for investing but I don't know if I'll use it. + +I then plan on opening a brokerage account first with Fidelity because I feel it's a great all-around broker for beginners. I've read about TOS, IB, Schwab, and some of the others but I feel fidelity is a great start. If anyone has any reason why some of the others are better than Fidelity please tell me why. + +I also want to get into trading options - not right away - so I thought about opening an account with tastyworks. + +I'm looking to make both short-term (aggressive) and long-term (conservative) moves. + +I really want to take advantage of the market right now, and I feel I can stand to risk/lose about 5-10k. + +What do you think? + +Detailed advise is much appreciated. +Hey, /r/personalfinance. I thought I'd update you guys on my progress so far. + +Original post: https://www.reddit.com/r/personalfinance/comments/324bfp/i_have_just_won_about_us100000_in_a_law_suit_i/ + +Like many of you suggested, I hired professional help. I can't really thank you enough for the advice. He has been great at helping me invest my new money and even greater at helping me manage my personal finances so I can get through the month on my salary alone. + +I spent about 25% of the lawsuit money in the past 4 months, but I've managed to get ~9% back so far. Hopefully, by the end of the year I'll have restored it and will be able to keep growing my funds. I'm also spending ~20% less than I did, I have created an emergency fund (which I didn't have) and I'm finally being able to save some to travel abroad with my fiancée. + +On the personal level, however, you have advised me not to tell people about it. Well, it's a pretty small city, the court records are public and people talk a lot here. I don't think I disclosed this information in the previous post, but I sued my previous employer, so most my colleagues heard about it from the inside, and most already know I won (and how much). Fortunately, most people haven't really tried anything (so far), besides one sleezy uncle. I just told him I had invested it all in a long-term fund and that I couldn't withdraw even if I wanted to. "Sorry". He seems to have believed me. He'll probably ask again in a few years or so, and I'll have to tell him 'no' again, like most people in the family already have. He's known for asking for loans and not paying back. It's kind of his thing, and I don't think he takes it badly when people decline anymore. And to be quite honest, I don't really care if he does. + +To the curious: I did buy a better (yet not expensive) mattress, refurnished some things that were way past due (including the TV - I bought a simple 32'' dumb 2D and a chromecast, they cost me ~US$300 - expensive, but it's Brazil, everything's expensive), but I did not buy a car. I have payed my student loans plus some credit card debt I had. All of this cost me ~25k from the 104k I won. My savings account is currently sitting at ~89k. Hopefully I'll end this year with 100k. + +Overall, I'm just updating this to thank you for pointing me in the right direction. I had never really liked having money as much as I liked spending money, but things are starting to change. For once I feel like I can have a nice future. +Hello fellow investors! +Do you think Blackberry stock will return to those levels before it crashed ($25-$30) or even higher? I really hope so because I entered at around $19. + +• The company has announced a collaboration with amazon from what I’ve read, they will work on self driving AI together, also they won the Facebook lawsuit and sold some of their old phone patents to Huawei. +I personally have long term faith in the company though I don’t completely understand why it went down (I think maybe because of bug restrictions and people panic selling) + +Anyways write your thoughts about this in the comments. +Some new details were found in the LFG audit that they just did. + +> This bombshell data, collated by the anonymous researcher Cycle22 who discovered the Hodlnaut insolvency), reveals that TFL suddenly began furiously dumping hundreds of millions of UST only days before the depeg. + +https://preview.redd.it/02da5ej7u94a1.png?width=1666&format=png&auto=webp&s=f11cd2916d7b877a1cb276f5d778d23fe3b30f00 + +TFL has been saying that the UST depeg was caused by a third party attack, but this data proves otherwise. + +>Oh, and how do we know it was TFL that dumped all that UST? They accidentally admitted it in their own audit. People can lie, but the blockchain can't. + +[These are there wallet addresses](https://preview.redd.it/tyon7t1yu94a1.png?width=502&format=png&auto=webp&s=7d0fcff2dec4ac8cd42186741cfd6a6e7113eaa2) + +Here is a link to the audit for anyone interested: [https://lfg.org/audit/LFG-Audit-2022-11-14.pdf](https://lfg.org/audit/LFG-Audit-2022-11-14.pdf) + +Credit to [Fatmanterra](https://twitter.com/FatManTerra/status/1600091474682486784) on twitter for sharing, and be sure to go read his post with greater details. +I keep hearing about crypto but I don't understand it so I'm asking for some help. So why do people invest in it? I know all investing is kind of like gambling but with stocks there's some tangible thing you get. Most stocks pay out dividends and in theory if a stock is undervalued then some very rich people will buy the stock because they want a partial ownership of the company itself which creates a scarcity that drives up prices. So there's something tangible there (ownership plus dividends) but with crypto I'm confused. What do you get? I hear people invest in it cause it's the "future currency of the world" but then wouldn't it be a bad investment because for a currency to function I'd have to stop all its volatility and become mostly stagnant like the us dollar. I also hear that people invest in it cause they are investing in the block chain technology but bitcoin isn't a company and they don't have any patents so how is it investing in the block chain? Is crypto just a pyramid scheme/gambling ring or am I missing something. Is it a worthy investment for someone a bit more risk adverse? +I'm asking in Fatfire because this crowd is likely in the same situation of high enough income and/or net worth that our future college students are probably not going to get any aid. + +Do you plan to cover the entire amount or is there any possibility of aid? How do you figure out how much you need? + +The calculator at [https://vanguard.wealthmsi.com/csp.php#](https://vanguard.wealthmsi.com/csp.php#) suggests a private school like Duke will cost $750k in 18 years, and a state school like NCSU will cost $200k. + +Do the high earners/NW among you plan to cover the entire bill of a state school? Of a private school? Most calculators default to only covering half, figuring they'll get scholarships + aid for the rest, but how likely is that? + +&#x200B; + +Edit: For some reason my main question/point didn't get across. I'm not asking whether a fatfire should force their kids to take out loans so much as whether a fatfire should assume no aid for their kids, and whether they should plan to fund a 529 that covers a state school, falling short of private, or a private school, and it's overfunded. Also trying to figure out figures to use in the calculation for school price inflation and 529 return rate. +Article from last Saturday 27th + +" Chinese electric car maker Nio plans to enter European markets from the second half of 2021, CEO William Li said at an online conference on Thursday. He also announced the company’s intention to enter other international markets from 2022. + +Analysts suggest that Norway may be the first European market for Nio. The company is quoted on the NYSE, and its stock price is currently at about $43. Nomura analysts predict that it will jump to over $80 within the next few months, if it continues to meet delivery targets." + +[https://cyprus-mail.com/2021/02/27/chinese-nio-electric-cars-europe/](https://cyprus-mail.com/2021/02/27/chinese-nio-electric-cars-europe/) +Hi All, + +Hopefully this is not a duplicate post but here goes. + +I stumbled upon this gem of 6 free sessions on managing money including 'Making Good Spending Decision', 'Budgeting and Taxation', 'Borrowing Money', 'Understanding Mortgages', 'Savings and Investing', and 'Planning for Retirement'. + + +I am sure someone might find these useful! Link below. + +[Free MSE Academy of Money from Open University](https://www.open.edu/openlearn/ocw/mod/oucontent/view.php?id=100660) +My understanding is that we close positions at 21 DTE in order to limit gamma exposure. + +Why use DTE as a proxy for gamma? I can see my position's gamma in my brokerage platform. Why not close a position if it's reached some gamma threshold X? +Just wanted some input on this investment strategy. I have a small account of 6,000 for trading and I want to use 1k to do monthly PCS on Tesla starting with 800/790 strikes. This will net around 200 bucks for 1000 in collateral. I understand the risks of strike being blown through but I think it’s unlikely as that’s a strong level of support. It just seems too good to be true making a essentially a 20% ROI in a month. Am I missing something besides the stated risks involved? I just don’t wanna make a dumb move +What is your bread and butter, go-to trade? + +For me, it's momentum trades on low floats, typically pre-market: + +1. Stock has gapped up 25% or more +2. Volume is 50k on one minute candle +3. Price is above $2 +4. Stock has had a pullback 1 min or 5 min chart (shows that the move is less likely to be immediately parabolic if sellers are taking profits. And the pullback allows for a decent entry vs just buying the breakout at high of day) +5. Stop is trailing below prior resistance level, and if the stock gains and pulls back, below the pullback is the trailing stop (mental stop) since I'm typically in pre-market. + +This lets me trade in the AM and jump onto my 9-5 as well without being in trades during work hours. Win rate is below 50% but profit on winners makes up for smaller win rate. + +Let me know what your favorite plays are, always interested to hear. +Crypto twitter is going wild this weekend. Huge implications with these associations. + +Kevin O'Leary of Shark Tank outed as one of FTX's top supporters leading up to the bankruptcy filing (probably a partner in crime). The person revealing this is actively receiving death threats. + +Would not be surprised to see massive volatility in crypto within the next 24-48 hours. + +https://twitter.com/Bitboy_Crypto/status/1594493946431930368?t=WjP7d7XDW7iz-b1rIwBpLw&s=19 + +Former Citadel employee Brett Harrison emerging as bigger figure in all of this than previously thought. Apparently, has worked closely with the Fed and CFTC. He stepped down as FTX.US president on Sept 27th (probably knew what was coming). Also, ran FTX stocks and FTX.US derivatives. + +https://twitter.com/digitalassetbuy/status/1594458715822125056?t=PJNSk3U0C9Z9R6aJDT1PWg&s=19 + +https://www.coindesk.com/business/2022/09/27/crypto-exchange-ftxs-president-brett-harrison-stepping-down/ +My brother in law has had a triplex for 7 years and he doesn't have the time to deal with tenants and renovations etc, While he runs his own retail business. From what i hear needs a new roof, but the rest has been fixed. + +I'm in the market for my next property so could be interesting to me. +I was thinking of offering to not use agents and just pay a notary we could both save fees. + +Curious about other ways I could sweeten the deal, maybe sell under market value with a cash portion or something? + +He currently is cash flow positive in a B area so depending on the ratios this could be an opportunity for him to get out and focus on his business and me to expand mine. +An elderly couple was displaced by a house fire and they are looking for a short-term rental while they rebuild their home. They are interested in renting our home for at least 6 months and then going month-to-month. Apparently, their insurance company will be paying the rent (I'm not sure if the rent will come directly from the insurer or indirectly through the couple). What sort of changes and/or additions should I make to a typical lease agreement? Is there anything unique I should ask or request from the tenant and/or insurance company? This is in New York. Thanks for your input. +I understand that Apple has announced that it plans to repurchase its stock for the hefty amount of 100 billion dollars. + +The market cap it currently at 917 billion. What will happen to the market cap? I thought that when a business went public, the whole thing was public and divided into shares. Does that mean that the company will now only be 89% public? +### UNITED STATES + +* **Futures** indicate a positive opening this morning + * Larry Kudlow, Trump's economic advisor, eased some tensions after stating that the president is open to a **trade** **deal** with China  +* *The Conference Board Consumer Confidence Survey* revealed **consumer confidence** elevated to multi-year highs  + * Retailers are likely to be the beneficiaries  +* Another good sign for consumers is a minimal risk from rising interest rates + * just 10% of household budgets are exposed to variable interest rates +* Trump threatened to cut **electric**\-**vehicle** and other subsidies that have benefited **GM** +* The United States failed to crack a [list of the top ten nations for **financial literacy** ](https://howmuch.net/articles/financial-literacy-around-the-world) +* The Senate could decide as soon as today whether to end American support for the Saudi-led **war** **in** **Yemen**. + +### OTHER + +* European ministers proposed fresh **sanctions** **against** **Russia** as punishment for seizing three Ukrainian vessels +* **New Zealand** authorities blocked Spark, the country’s biggest telecoms provider, from buying **Huawei** equipment for its 5G network +* ***Japan's*** ***Manufacturing*** *Purchasing Managers Index* indicates [further slowdowns to come ](https://www.markiteconomics.com/Survey/PressRelease.mvc/96fd4568ca1342a4aa1bf782c99edb28) +* **Mexico's unemployment rate** fell to multi-year lows  +* Canada is likely to experience the most  + +### CHINA + +* **Industrial profit** growth is slowing  +* Large cities are reducing the number of **car licenses** allowed in an effort to limit **pollution** +* **Air** **travel** capacity continues to grow  +I just wanted to share what I consider a parenting success story. My wife and I have been giving $20/week to our 11 and 8 year old every Saturday for some time now. Not tied to chores or grades or anything, nor did we put restrictions on what they could buy. Our goal is to teach them about managing their money and what it means to spend it. For a long time, we rarely had to physically hand them paper money because as soon as payday rolled around, they'd want to buy something for one of their digital games. Sometimes they'd even ask for an advance, which we refused. Once you spend the money, it's gone. They'd almost always spend their money on some skin or in-game currency on a game, get bored with that game, and then move onto the next one. Wash, rinse, repeat. + +Recently, my 11 year old has been saving most of his money to buy a laptop. The last time we sent him to the grocery store (we live 2 blocks away in a small town), he even bought his brother a treat because his brother had spent all his money for the week. It has been so satisfying to see him create a financial goal and a plan to reach that goal instead of spending his money just because he has it. It's cost us hundreds of dollars, but I feel it will save him thousands or tens of thousands of dollars by learning this lesson before he lives on his own. We are fortunate enough to have the cash to give to the kids, so I understand this isn't something everyone has the luxury of doing. I wasn't 100% sure how this would turn out, but I am glad we gave it a try. + +Edit: Thanks the wonderful responses and advice. A common question has been if I’m worried about teaching them that they don’t have to work for their money, which I understand. We do require the children to do chores, but we don’t believe in tying their allowance to these chores for several reasons. The first being that we didn’t want to introduce another variable to this lesson. This is strictly about teaching financial management. We also feel that basic chores aren’t something that deserve a financial reward, but rather a responsibility that comes with being a family. We also feel strongly about volunteering in our small town, where many activities and events require community involvement in order to happen. I want the boys to learn that you can work without reward. Finally, we live in a small town in North Dakota. There chores aren’t just basic tasks line sweeping or mowing. One of the things they help me with is shoveling snow when it’s -5. They also help my dad on the farm. I’m definitely not worried about the boys struggling to learn the value of hard work even though we’re giving them money every week. They’ll get summer jobs just like I did when they’re old enough, and we’ll contribute to an IRA for them so they can learn that saving early pays off later. + +I really appreciate all the feedback. Definitely some great ideas to incorporate. Thank you so much! +Email just landed: + +"Good news – we're increasing the Chase saver account interest rate from 1.5% AER (1.49% gross) variable to 2.1% AER (2.08% gross) variable, effective from 24 October 2022." +I was just wondering if anybody has any specific comforts they always have at hand when starting their trading session. Coffee, cigs, vape, chewing gum, mints, soda, candy....things of that nature that you find helps you focus during your session. +So I was looking at the financial statements for coke vs PepsiCo and I was pretty blown away.. Coke has a market cap 40 billion greater than Pepsi, yet PepsiCo had literally DOUBLE cokes revenue and income.. PepsiCo has a PE of only 11 while coca colas is 33.. I don’t get why anyone would buy Coke over Pepsi looking at these numbers.. what am I missing here? Not to mention cokes revenue has been steadily falling over the last 5 years +I think it may be helpful to share how my divorce has affected my path to FI. + +I was married in early 2005, split in late 2015, with a finalized divorce in early 2016. We had no prenup, no kids, owned one house together (with a mortgage), and owned two vehicles together with no loans. The divorce was not legally contentious, but neither was it amicable. I've been interested in FI since about 2008 and seriously pursuing it since 2011. + +### Overview ### + +| Year | My income | Her income | Income Tax | Spending | Saved Toward FI | EOY FI Savings | Estimated Annual FI Spending | Estimated First Year of FI | +|:-----------------|----------:|-----------:|-----------:|---------:|----------------:|---------------:|-----------------------------:|---------------------------:| +| 2011 | 95,000 | 0 | 18,000 | 63,000 | 14,000 | 89,000 | ? | | +| 2012 | 113,000 | 3,000 | 25,000 | 73,000 | 17,000 | 112,000 | ? | | +| 2013 | 120,000 | 9,000 | 33,000 | 68,000 | 28,000 | 185,000 | 55,000 | 2027 | +| 2014 | 125,000 | 48,000 | 38,000 | 78,000 | 60,000 | 275,000 | 48,000 | 2025 | +| 2015 | 143,000 | 40,000 | 40,000 | 105,000 | 32,000 | 245,000 | 45,000 | 2025 | +| 2016 (so far) | 150,000 | - | 37,000 | 53,000 | 21,000 | 290,000 | 43,000 | 2026 | +| 2017 (estimated) | 155,000 | - | 45,000 | 35,000 | 75,000 | 380,000 | 27,000 | 2023 | + +A couple points related to the divorce: + +* Most of 2015 was spent making up the lost ground in cash I gave to her to buy out her half of our home's equity (about 47,000). +* Much of 2016 has been spent building back up my emergency fund and retirement savings since a QDRO was used to equalize our retirement accounts (giving her about 59,000 from my 401(k)). +* My estimated expenses for 2017 are based on the past year's worth of expenses, minus the cost of building up my emergency fund again. + +### Saving and Spending ### + +At first, it was quite an unknown how going from married to single would affect the basic components of my path to FI. I knew that household income would be less since it will just be my income now. This was easy to estimate based on her last couple years having her first legitimate job, netting about 40,000 per year before overtime / bonuses. + +I also knew that household expenses will likely be less since it would just be me now. But by how much? Here is where I was surprised: + +* She had a student loan payment in her name only which cost about 2,000 each year. +* My health insurance through work dropped to the single rate instead of the family rate. My other insurances changed in various ways, too. Overall I save about 3,000 from this each year. +* Reduced, and eventually eliminated, pet expenses. (I kept one dog, who passed away a few months later, and she kept all the other animals.) This saves 4,000 per year. I have no plans for pets in the short- or medium-term future. +* Cost saved on regular life items for an additional person: health care, food, gas, clothes, utilities, etc. Overall this saves about 10,000 per year. +* We had a spending category called "Wild Card". Created with good intentions when my ex did not have a job, this was a portion of money set aside for her to spend without me saying anything, no matter what I thought of the purchase. As the years went on and our income situation changed, the money allocated toward this category ballooned to **15,000 per year** during the last two years of the marriage. It had become our second largest expense category - more than food, more than travel, more than health+pet care, more than loan repayment.. only second to *income tax*. It was a combination of her succumbing to lifestyle inflation and my desire to keep her happy and not feel like the "bad guy". + +In total, the loss of 40,000 in income is mostly canceled out by the loss of 34,000 worth of spending. A raise after the end of my divorce has covered the rest of the gap, and my single income taxes are right around the same as the married taxes I paid on our higher combined salary. So I'm now at a position where my spending and income have been reduced by the same amount, relative to each other. I'm much more comfortable with a lower salary and lower expenses than higher salary and higher expenses. + +I did this analysis after about six months of living on my own, and these results was a big surprise to me. I would never have thought that my ex was "costing" the household as much as she was earning for it - and I've tracked all income and spending for the last 15 years. I was both embarrassed that it happened, and excited about it being a thing of the past. I felt so good deleting the "Wild Card" row from my spending spreadsheet that it might as well have been accompanied by brass fanfare with a crown placed atop my head. + +### What I Did Right ### + +There are a few general principles often seen here and on other places like /r/personalfinance that benefited me during the divorce. + +##### I lived below my means. ##### + +Although spending was higher than I liked prior to 2015, we still lived below our means and saved a good chunk of our money. A lot of the spending above was saved away into individually purposed savings buckets, such as car replacement, home maintenance, and vacations, so we were reasonably disciplined with our money, too. I was probably 75%-80% of the force behind this effort in our marriage. When divorce began, because she was not accustomed to us spending all the money we made, her current salary was enough to maintain the same lifestyle we were already living (well, except for her ballooning "Wild Card" spending habits). + +This also helped me ultimately avoid paying alimony. More detail on that below. + +##### I had a substantial emergency fund. ##### + +Because I had "buckets" for just about every kind of unexpected expense I'd ever had, as well as bringing in more than I spent each month, I really didn't ever have to use my emergency fund. Until I did! Having that type of cash on hand (or in taxable investments) is what allowed me to refinance the house in my name only without taking on additional equity. I've read about the splitting of the marital home being one of the toughest sticking points in a divorce, but she wanted to move out, I wanted to stay put, and our emergency fund was enough such that after she got her half, she also got most of my half in exchange for me buying her half of our home's equity. + +##### I didn't pay more on low-interest debt than necessary. ##### + +I understand that there is an emotional aspect to getting rid of debt that is appealing to some (myself included). But trusting the math over my emotions helped me out in a couple of ways during the divorce: + +* Her student loan was 1.625% stretched out over 25 years. Any extra I'd have chosen to pay on it would have been "thrown away" in the long run, as she took on this debt post-divorce. +* Our home loan was 2.95%. Anything extra I'd have chosen to pay would have become more equity that I'd have had to buy back from her later. + +##### I paid close attention to my finances. ##### + +I was always much more interested in the details and direction of our finances than she was. I used this position of knowledge / trust to my advantage during the divorce in a couple ways. Mainly, she deferred to me in writing up the marital settlement agreement. I used this position to be as favorable to me as I could while still being fair from her perspective and managing her anxiety about her living on her own. + +I created a mock-up post-divorce budget for her, which was based on our shared historical budget. I then used this budget to convince her that she didn't have a need to ask for alimony. The budget was very similar to our marital budget over the past few years since we had lived below our means for so long (except, without saving for retirement at the same pace). Between her guilt related to the circumstances of the divorce, her pride of "making it on her own", and her below-average ability to consider the future under this proposal, she agreed. This saved me a potentially enormous amount of money over the next 3-5 years - as high as 100,000, according to my lawyer. + +I also included a spread out schedule for the equalizing payments, with the first payment happening very soon, and the last and largest one happening "no longer than 7 days after the divorce is finalized". The first payment was to discourage her from asking for additional financial help while moving out, buying new furniture for herself, and all that. The last payment was a carrot added to discourage her from changing her mind on other specifics, such as alimony. This also gave me time to start on my new emergency fund between filing and finalizing the divorce. + +I also did our 2015 taxes jointly. Our divorce did not finalize until early 2016, so we had to file either as Married Jointly, or Married Separately. Filing jointly saved me money (and cost her money via a reduced refund) because my income was so much higher than hers. She deferred to me to avoid the hassle of learning how to file taxes, I assume. (Or she may not have been aware that Married Filing Separately was a thing.) + +### Financial Lessons Learned About Marriage ### + +* I'm very fortunate my ex divorced me last year, instead of ten years from now. I read [this post](https://www.reddit.com/r/financialindependence/comments/3vg0j8/do_any_of_you_guys_have_a_prenup_are_you/cxndtq5) a couple months after divorce began, and saw the kind of scenario I potentially dodged down the road. +* For someone like me - an above-average earner, below-average spender, and with no plans to have children - I don't see any financial or logistical benefit to legal marriage that is worth the long-term risks. (I also see no emotional, social, or other benefit to legal marriage based on my personal circumstances and values, and do not plan to marry in the future.) +* Money is fungible. If your partner is not on the same page as you, rearranging things into different buckets, categories, spending models, or other mental tricks is not going to actually fix things. (...it sure felt like it, though! That is, until I realized that I was part of the household that spent 30,000 over two years on fish, snakes, geckos, skinks, tanks, cages, filters, heaters and lights running 24/7, an entire closet of dog outfits, piles of never-used art supplies, scrapbooking supplies, jewelry-making supplies...) +* When divorce begins, both parties naturally become more self-serving. The concept of "No one cares more about your money than you do" applies. + +All the numbers in this post are approximated. I'm happy to answer any questions. + +(I've written about the non-financial aspects of my divorce [here](https://www.reddit.com/r/Divorce/comments/56h3xj/its_been_one_year/).) +Guten Morgen to this global band of Apes! 👋🦍 + +I can't be alone in continuing to think of the price in pre-split dollars. +As such, I simply had to take the opportunity to buy below $100. +While I do not doubt that the SHFs will try (as usual) to make a statement about earnings with a massive price drop, I still love every share I've purchased in the double-digits. +I cannot wait to see what kind of a discount they offer. + +Of course, they may have overextended a bit with their recent smear campaign against Ryan Cohen. +Could it be any more obvious that their media shills have no idea what they are talking about? +They are grasping at straws, hoping that something will stick. +The unfortunate truth is that some of it will. +It doesn't change anything in my mind. +Ryan Cohen has masterfully changed the course of GameStop's history. +Each day that we HODL is another closer to the day that the SHFs cannot sustain their position, and start to fall. +Every share that we DRS brings us another step closer. + +As we eagerly await the latest official DRS numbers, let's celebrate the worldwide movement that brings us all together. + +Today is Wednesday, September 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$25.25 / 25,44 €** *(volume: 4480)* +- 🟥 115 minutes in: $25.27 / 25,45 € *(volume: 4285)* +- ⬜ 110 minutes in: $25.42 / 25,60 € *(volume: 3205)* +- ⬜ 105 minutes in: $25.42 / 25,60 € *(volume: 3202)* +- 🟥 100 minutes in: $25.42 / 25,60 € *(volume: 3171)* +- 🟩 95 minutes in: $25.42 / 25,61 € *(volume: 2965)* +- ⬜ 90 minutes in: $25.22 / 25,41 € *(volume: 1005)* +- ⬜ 85 minutes in: $25.22 / 25,41 € *(volume: 915)* +- ⬜ 80 minutes in: $25.22 / 25,41 € *(volume: 795)* +- ⬜ 75 minutes in: $25.22 / 25,41 € *(volume: 589)* +- 🟩 70 minutes in: $25.22 / 25,41 € *(volume: 556)* +- 🟩 65 minutes in: $25.21 / 25,40 € *(volume: 554)* +- 🟩 60 minutes in: $25.08 / 25,27 € *(volume: 541)* +- 🟥 55 minutes in: $25.07 / 25,25 € *(volume: 541)* +- 🟩 50 minutes in: $25.10 / 25,28 € *(volume: 412)* +- 🟥 45 minutes in: $25.09 / 25,27 € *(volume: 392)* +- ⬜ 40 minutes in: $25.10 / 25,28 € *(volume: 391)* +- 🟥 35 minutes in: $25.10 / 25,28 € *(volume: 341)* +- 🟥 30 minutes in: $25.10 / 25,29 € *(volume: 281)* +- 🟩 25 minutes in: $25.11 / 25,29 € *(volume: 281)* +- 🟩 20 minutes in: $25.09 / 25,27 € *(volume: 256)* +- 🟩 15 minutes in: $25.08 / 25,26 € *(volume: 240)* +- 🟩 10 minutes in: $25.07 / 25,25 € *(volume: 240)* +- 🟥 5 minutes in: $25.07 / 25,25 € *(volume: 235)* +- 🟥 0 minutes in: $25.09 / 25,27 € *(volume: 218)* +- 🟥 US close price: $25.14 / 25,32 € *($25.19 / 25,37 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9928. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +To help you guys understand the situation a little bit better, I am a senior in high school in the midst of the process of applying to colleges. Throughout my high school years I haven’t worked too much so I was proud of the $3,000 I had saved up. This was going to be used for car maintenance and the college applications. I spent about $1,000 on a computer and other things that my parents wouldn’t buy me that I need for college. The problem is my dad has taken most of the remaining money out of my account to use for bills, mortgage, or whatever else he had to pay for. This leaves me with $305 left over. The problem I have with this is 1) he won’t end up paying me back which I honestly don’t care about right now and 2) he never told me he was taking the money. He already owes my brother, who is just 3 years older than me, around $7,000. I am currently 17 so my bank account has to be joint but I turn 18 in February. So here’s where my questions come in. +1) When I turn 18 how do I go about opening my own account with no one else’s name associated with it? +2) Will not having a joint name on the account hurt my chances of getting loans for college? +3) Will having an account that is only associated to me at this young of an age have any negative impact on my future such as different interest rates? +4) Is there anything I should know or any advice that you could give on having my own account? +It's getting annoying when people post screen shots of markets "bleeding red" only to actually look at the picture and everything is only down .5-1%..... or now with the Chinese markets..... at the time of posting, they're barely red and I'm already seeing posts about it. Chill tf out, you look like a bunch of spazzes. +Yes, insiders own more shares than were identified by GameStop as being direct registered, and yes those insider shares are likely held in ComputerShare accounts. But they are not direct registered shares. ComputerShare offers several different client services. One of those is being the transfer agent (who you DRS through) for a company, and another is [employee share plan management](https://www.computershare.com/ca/en/employee-share-plan-infographic). + +This means that a business can hire ComputerShare to manage all of their employee stock disbursements including managing vesting periods and restricted shares that are subject to meeting certain targets, etc. Here is an example of what that looks like as an employee with shares held in a ComputerShare managed employee share plan (not for GameStop). + +[For privacy reasons I’ve hidden some of the stock award line items, but this is where you would see the different awards \/ bonuses by which you’ve accumulated stock from your employer](https://preview.redd.it/p30evwa7kje81.png?width=2316&format=png&auto=webp&s=197bc03d774dfd9fb9466e8d58c5c7c9bb26ace2) + +The shares that employees receive through this are **not** direct registered to the employee’s name, they are held in street name like if you were using a broker. That said, although these shares are not DRSed to the individual, they aren’t held in some random shady broker either. They’re held by an arm of **ComputerShare** which, to reiterate, is not the same arm of the business as where you DRS your GameStop shares. + +Let's take a look at something else. Check out the Schedule 4 form submissions on [GameStop’s investor relations page](https://gamestop.gcs-web.com/sec-filings) where they report stocks awarded to insiders or sold by insiders, and take note of what the title of the form actually is. I’ll save you a click, it says “Statement of changes in beneficial ownership of securities”. Remember what beneficial ownership is? It’s how you own shares when they are not DRSed in your name. This is paperwork that is **required** by the SEC for insiders. + +Now, what about those shares held by RC himself? He bought those himself, they weren’t part of an employee compensation plan. Well, those are also “beneficially owned”. As you may know, there is a lot of paperwork that venture capital firms must fill out for the SEC. Here is [RC’s paperwork](https://fintel.io/doc/sec/1822844/000119380521000031/e620202_sc13da-gamestop.htm) showing his 9,001,000 shares of GameStop, and here's a relevant excerpt: + +[What does that say on the left there? Oh right, \\"beneficially owned\\".](https://preview.redd.it/mvgm3955lje81.png?width=1042&format=png&auto=webp&s=cfdfea175f722df4412be6cd1d335476676842a8) + +When an investor owns 5% or more of the shares in a company, a 13D is required ([some reading on that, if you're curious](https://www.investopedia.com/terms/s/schedule13d.asp)) and as you just saw in RC’s paperwork, the verbiage in a 13D form specifies beneficial ownership. + +Ryan Cohen can’t just up and DRS his shares. Neither can insiders. It's not that simple. Is there some kind of roundabout way around those rules? IDFK, I’m not a securities lawyer. What I do know is that they have certain paperwork that is required by the SEC, and all of that paperwork specifies beneficial ownership. + +So in conclusion, it’s true that the number of shares DRSed implies that RC and other insiders don’t have their shares DRSed. This isn’t because it’s a reflection of their opinion of DRSing shares, but rather just “how things are done” to comply with SEC paperwork and whatnot. Don’t let anyone FUD you with “if DRS is the way, why haven’t the insiders DRSed their shares?” because it’s not relevant to the conversation. You know what IS relevant to the conversation? ComputerShare has been getting so many calls that they added info online, and a dedicated GME number for international investors, and several brokers have also taken steps specifically to ease the impact these calls were having on their call centre queues. You know what else is relevant? DRS was important enough to be specifically mentioned in the [most recent 10Q](https://gamestop.gcs-web.com/node/19571/html) filed by GameStop for the first time. + +>As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +**They see you.** + +You’re damn fucking right that total doesn’t include insiders. That’s apes, **be proud**! + +Alright, I’ve said my piece, I will continue to eagerly await GameStop’s next 10Q for an updated DRS total. DRS is the way. None of this is financial advice. I just like the stock. + +&#x200B; + +Edit: Removed an incorrect reference to family offices. + +💎🙌🦍♾🏊‍♀️ +This stat gets thrown around a lot, but perspective would be helpful. + +EDIT: I am aware 10% is not a recession, but a correction. + +I misspoke and meant a 10% dip/general market downturn +# Are you gutted you missed out on the Safemoon or HOGL moonshots!? + +Well your in luck! There's a new coin in town. And we're ready for some close up star gazing ⭐⭐⭐ + +Change is on the horizon peeps! I believe GME has started a movement. Whales aren't dumping and pumping as much, they're seeing the value in Hodling. Diamond hands are staying strong together and we have been conveniently names Apes 🦍🦍 + +So, without further ado, please welcome NCAT. The open source community driven meme coin. Hitting unprecedented milestones at each corner. Fill your bags!! Current price $0.0000000133794. + +NCAT was created to have a bit of fun. A meme token that would slow build a community as we took the next steps. We had no idea it was going to blow up like this. But then it did, and due to the crazy demand we have had to go through a complete rebranding, upgrading both the logo, website, team and roadmap. +That’s not all though. We are in the process of creating our DAO where the community will control the process while also offering NFTs and even do some charity raising efforts. + +It has only been live for less than 3 days, in this time there has been minimal marketing. Only from the hard work put in by the community. + +Within 48 hrs we were listed on Blockfolio. We were accepted onto Coinmarketcap literally a few hours ago. And Coingecko is currently reviewing us. 🚀🚀 + +We have around 2000 account holders, a market cap of nearly 15m, and a trading volume of just under a million. Unbelievable figures for a minimally marketed coin. + +But the best thing about this coin is the community. As you are all aware, the success of a meme coin is directly linked to the strength of the community. And oh my, you won't find a friendlier, fun, more hard working and exciting community. As well as a group of full on diamond hands and apes 💎💎 Move along paper hands 🧻🧻 + +NCAT has solely been created with the community and Hodlers in mind. Every transaction has a 9% fee..doesn't sound great does it!? Wrong! With that 9% fee, 5% goes straight into locked liquidity. And the other 4% gets redistributed between all the Hodlers. So every time anyone sells, or a whale dumps..we get rewarded in NCAT tokens! + +So by simply Hodling NCAT, your also staking! This is called frictionless rewards. + +What this also means is that it prevents people from selling at highs and buying in dips to make a quick profit. Because they will be paying 18% in transaction fees altogether for this, and they'll miss out on the frictionless rewards. 🤑🤑 + +So, what's on the horizon for NCAT you ask? Well since the unbelievable start we thought we'd never had, we have had to rejiggle a few things. Re-branding as mentioned. But as a community driven token, we will be transitioning into DAO, which will happen in the next few days. And offering spcial nft's + +Wait, there's more! We have renounced ownership of the contract! This is purely to put trust and faith in the community that we won't be pulling any sort of rug from under them. So you have no risk, whatsoever, of the devs running off with all your monies. + +Oh yeah, I'm sure you heard about the big whale who single handily saved safemoon coin from destruction by burning half of his holdings? Well he was one of the initial investors in this project! So we have the legendary whale himself with us. As well as other diamond whales who enjoy burning a few trillion coins a day. + +I will link to the safemoon whale's ethscan here so you can check his accounts for yourself (He still has his safemoon coins btw) + +See ya on Mars 👨‍🚀👨‍🚀👨‍🚀 + +📜 Contract Renounced: [https://bscscan.com/tx/0xcb72aa0c0776ce40ab2b22fea8888b77244465d4f4cf29f7d2ac501be89d211e](https://bscscan.com/tx/0xcb72aa0c0776ce40ab2b22fea8888b77244465d4f4cf29f7d2ac501be89d211e) + +🚀BUY Here!: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0cf011a946f23a03ceff92a4632d5f9288c6c70d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0cf011a946f23a03ceff92a4632d5f9288c6c70d) + +💙How-To-Buy Guide: [https://ncattoken.medium.com/so-you-wanna-buy-some-ncat-a-step-by-step-guide-c06475980f7c](https://ncattoken.medium.com/so-you-wanna-buy-some-ncat-a-step-by-step-guide-c06475980f7c) + +📈CHART: [https://goswapp-bsc.web.app/0x0cF011A946f23a03CeFF92A4632d5f9288c6C70D](https://goswapp-bsc.web.app/0x0cF011A946f23a03CeFF92A4632d5f9288c6C70D) + +🕸️Website: [https://ncat.fun/](https://ncat.fun/) + +📜Contract: 0x0cf011a946f23a03ceff92a4632d5f9288c6c70d + +🐱TELEGRAM GROUP: [https://t.me/ncattoken](https://t.me/ncattoken) + +🐱Announcement channel: [https://t.me/ncattokenannouncements](https://t.me/ncattokenannouncements) + +✨NCAT Twitter: [https://twitter.com/ncattoken](https://twitter.com/ncattoken) + +📗NCAT Medium: [ncattoken.medium.com](https://ncattoken.medium.com) + +🎶NCAT TikTok: [https://vm.tiktok.com/ZSJ2NJ9qB/](https://vm.tiktok.com/ZSJ2NJ9qB/) + +[https://vm.tiktok.com/ZSJ2Lnrcy/](https://vm.tiktok.com/ZSJ2Lnrcy/) + +📺NCAT BY YOUTUBER: [https://www.youtube.com/watch?v=EneI7jEeQok](https://www.youtube.com/watch?v=EneI7jEeQok) + +🔓LIQUIDITY LOCK: [https://unicrypt.network/amm/pancake/pair/0x25fa6319F878f328FD9095d171e82D592c94c624](https://unicrypt.network/amm/pancake/pair/0x25fa6319F878f328FD9095d171e82D592c94c624) + +🔥 16.18 TRILLION BURNED SUPPLY HERE - BURN WALLET: [https://bscscan.com/token/0x0cf011a946f23a03ceff92a4632d5f9288c6c70d?a=0x0000000000000000000000000000000000000001](https://bscscan.com/token/0x0cf011a946f23a03ceff92a4632d5f9288c6c70d?a=0x0000000000000000000000000000000000000001) + +SAFEMOON COIN WHALE (NOW NCAT ALSO) [Address 0x86B695aaa2600668CEC754C7827357626B188054 | BscScan](https://www.bscscan.com/address/0x86B695aaa2600668CEC754C7827357626B188054) +For context here, Wachtell is indisputably the most prestigious m&a law firm in the world. Marty Lipton (name sake confounding partner) invented the poison pill and should be credited with killing the entire hostile takeover era of the 80’s. + +Strine was one of the most influential Delaware VC and Chancellor for 20 years. As chancellor he wrote the book on “specific performance” in m&a agreements and cemented Delaware’s “fuck you” attitude to buyers backing out of m&a agreements like in the landmark IBP vs Tyson case which will likely be the precedent at the core of this trial. + +Savitt is one of the brightest litigators in Delaware history. He’s literally who every big name (incl the likes of KKR) runs to for deal litigation and has a successful track record against activist investors like Ackman and Icahn. + +Edit: this sort of blew up. Would it be better to write a more detailed translation of the legal circumstances in another post? +Guten Morgen to this global band of Apes! 👋🦍 + +The SHFs continue to rack up losses as GME continues to rebound following their most recent short campaign. +Did the $600m cash infusion that Citadel got less than a month ago already run out? +With the reports of turmoil at Goldman Sachs, the continued FUD campaign, and 3 days of significant upward momentum, the winds have changed. +While cautious, I remain optimistic for the days ahead. + +On the digital marketplace side of things, I am incredibly excited for the coming weeks. +GameStop assembled a team and formed partnerships to build a foundation, and have built the marketplace brick by brick. +As we begin to see the road that they have built, I cannot wait to see how they bring customers aboard. +I feel that there are still pieces to put in place, but that we will soon see what they've been working toward. + +Today is Tuesday, September 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$29.54 / 29,09 €** *(volume: 2319)* +- 🟥 115 minutes in: $29.54 / 29,09 € *(volume: 2133)* +- 🟥 110 minutes in: $29.55 / 29,10 € *(volume: 2133)* +- 🟩 105 minutes in: $29.57 / 29,12 € *(volume: 2117)* +- 🟩 100 minutes in: $29.56 / 29,11 € *(volume: 2112)* +- 🟥 95 minutes in: $29.54 / 29,09 € *(volume: 2084)* +- 🟥 90 minutes in: $29.55 / 29,10 € *(volume: 2040)* +- 🟥 85 minutes in: $29.56 / 29,11 € *(volume: 2040)* +- 🟥 80 minutes in: $29.57 / 29,12 € *(volume: 1920)* +- 🟩 75 minutes in: $29.60 / 29,14 € *(volume: 1886)* +- 🟩 70 minutes in: $29.56 / 29,11 € *(volume: 1846)* +- 🟩 65 minutes in: $29.47 / 29,02 € *(volume: 1845)* +- 🟥 60 minutes in: $29.40 / 28,95 € *(volume: 1843)* +- 🟩 55 minutes in: $29.48 / 29,03 € *(volume: 1238)* +- 🟥 50 minutes in: $29.44 / 28,99 € *(volume: 1238)* +- 🟩 45 minutes in: $29.52 / 29,07 € *(volume: 1226)* +- 🟩 40 minutes in: $29.48 / 29,03 € *(volume: 1171)* +- ⬜ 35 minutes in: $29.44 / 28,99 € *(volume: 1169)* +- 🟥 30 minutes in: $29.44 / 28,99 € *(volume: 1068)* +- 🟩 25 minutes in: $29.44 / 28,99 € *(volume: 1068)* +- 🟥 20 minutes in: $29.43 / 28,98 € *(volume: 1068)* +- ⬜ 15 minutes in: $29.43 / 28,98 € *(volume: 1061)* +- 🟩 10 minutes in: $29.43 / 28,98 € *(volume: 1061)* +- 🟩 5 minutes in: $29.42 / 28,97 € *(volume: 522)* +- 🟩 0 minutes in: $29.32 / 28,88 € *(volume: 167)* +- 🟩 US close price: $29.24 / 28,79 € *($29.26 / 28,81 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0155. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +TLDR: unless the hedgies get us below $32.08 tomorrow our golden cross will be locked in. Even if they do, unless the get us below $7.28 then the 50 day SMA will still be higher than the 200 day SMA. + +Ok, so we all know that we had a golden cross on Tuesday. This happens when the 50 day moving average crosses above the 200 day moving average. Only two things can reverse it once it happens, either a large move downwards, or just waiting it out and steadily dropping the price. But there is a limit on how far down a stock can go (can't go negative), so eventually it turns into a waiting game while continuously suppressing the price to eventually get a death cross again. + +Now for the math + +a golden cross (or death cross) will happen when + +* Sum(200 days)/200=Sum(50 days/50) + +If you want to predict the price required the following day to get that previous statement to be true you solve for x + +* (Sum(199 days)+x)/200=(Sum(49 days+x)/50 +* Sum(199 days)+x=4\*Sum(49 days)+4\*x +* 3x=Sum(199 days)-4\*Sum(49 days) +* x=(Sum(199 days)-4\*Sum(49 days))/3 + +In order to maintain a golden cross, we must stay equal or greater than x in the previous equation. Today's value was $16.22, Tomorrow's value is $7.28 + +But how do you figure out what price the following day would cause it to be impossible to cross back over in two days? You solve the following equation + +* (Sum(198 days)+x+0)/200=(Sum(48 days+x+0)/50 +* Sum(198 days)+x=4\*Sum(48 days)+4\*x +* 3x=Sum(198 days)-4\*Sum(48 days) +* x=(Sum(198 days)-4\*Sum(48 days))/3 + +Today's value was $45.21 which we obviously didn't hit, but tomorrow's number is $32.08. If we stay above 32.08, then even if the hedgies dropped our price to zero on Monday (impossible but not the point) the 50 day SMA would still be higher than the 200 day SMA. $56.96 or higher tomorrow would lock us in through at least Tuesday. (any further day, just reduce the counts on both sums by 1 but don't change anything else) + +Now for some pictures so smoothbrain can maybe understand better + +First a linear plot, of the two moving averages, and the price required the following day to reverse the trend. Any number below 0 is obviously impossible + +[If yellow line less than 0, then no escape for hedgies](https://preview.redd.it/9uaer71ihki91.png?width=1562&format=png&auto=webp&s=f9fa4db071e141431e11a37542e1627a73530da9) + +Now a Log scale on y to better show averages, and remove all negative numbers. Anywhere yellow line isn't means reversal is impossible. + +[If yellow line missing, no escape for hedgies](https://preview.redd.it/76p7xplphki91.png?width=1550&format=png&auto=webp&s=0e643d64382be8775edaaa28747f70986013bec0) +For context I work as a administrative assistant at a well known real estate brokerage. I make about 25k a year and have 70k in savings. I have worked at my company for about 2 years and have good credit. The only issue is my money has just been sitting, and I know I need to do somthing in this market. (Texas) the thing is my market is very hot right now. And there are a lot of options. I have considered by a duplex either in state or out. But they are pretty hard to find where I live. I have also considered purchasing a new build and selling it after completion (assuming the market stays steady). What are my options with 70k, and what would you do? Any advice helps! +I simply do not feel comfortable talking to anyone I know about this nor do I think anyone I know could relate. My hope is someone here understands. + +This recent crypto correction has put me near 30% off the top of my portfolio... and this is by far the most money I’ve ever had in my life. + +And what I can’t believe is that I can still fall asleep at night and make it to the gym in the morning. How am I numb to my portfolio swinging more money than I’ve made in my entire life.... in a matter of a couple days. I feel blessed to say the least. 🙏 +I find it strange that a loss making company is passing up the chance to raise additional capital with an IPO. Read in a few articles that it's a way to save underwriting fees but doesn't the benefit of raising more capital worth the fees? + +Is it because they know they can't place out the shares at their desired price? Not enough institutional demand? + +Interested to hear your views or insights into this. +https://www.vanityfair.com/news/1998/10/gulfstream-199810 + +Wonder who that was then? + +When people ask me my fatfire target, private jet *ownership* is the first thing that comes to mind. I've been on a few chartered flights and the whole experience is difficult sometimes even with apps like Privatefly. Whereas if you own it, it's yours and yours only presuming you don't lease it. + +Personally my own situation is somewhat unique; I am very tall, basketball player tall, and suffer from varicose veins. Being cramped on a flight is difficult, some flights you can't even get business class on so you can't stretch out and even if you can stretch out you can*'t elevate your legs*. For me the price of private flight is worth it for that alone. Then there's not being stuck in a tin can with 400 other people for x hours. + +Anyway I just thought you might be interested in the article, the above is really just filler so the post doesn't get deleted for being somewhat empty. + +It's a good article, well written, makes me wonder who the anonymous author is/was. +My wife and I work full time and a nanny watched our young daughter a few days a week. As of a few weeks ago, we asked her to stop coming and told her we would continue to pay while we got a sense of what the future was looking like. We cannot make any exception to this because we have family in the "at-risk" category for this virus. + +Fast forward to today, it is pretty clear we won't be having her back in the foreseeable future. My wife and I are learning towards laying her off since she should be able to collect more from the government than she would have been paid by us anyways. + +Has anyone else had a similar situation? How did you handle it? Is it ethical to make this decision? + +edit: To clarify, the stimulus bill will include $600/week on top of unemployment benefits, which combined should total more than she was making by working for us anyways. + +Appreciate the replies! +For those of you that are pursuing fatFIRE, do you have speaking partners in life besides your SO that you speak to about your journey, planning, strategies, or fears in reaching fatFIRE? + +I am 38 and hopefully at the beginning stages of reaching fatFIRE status (2M) and really enjoy reading posts here because I find that even though people are from different backgrounds and circumstances, everyone more or less shares a similar mindset. + +I find it difficult to speak to friends or family for fear of a changing dynamic in the relationship that I sometimes read about. + +Reaching out for paid professional advice and consultation is always an option, but I find the relationships there to be, fittingly so, more transactional in nature. + +How, if you had in one point in time in your journey, decided that you could trust either a friend or family member to have these types of conversations with, and what level of details do you divulge to them? + +I find that life is always better lived shared and experienced with someone else, and would enjoy being able to converse with someone about this. + +Or do most people pursue fatFIRE in secrecy? + +EDIT: Thank you everyone for all your replies, helpful to hear. Agree, and I suppose it is like any other secret, only share with those you trust 100%. +Reposting from this morning. Not really sure what was going on with the post, but here we go, again. + +**\*Obligatory,** none of this information is financial advice and is the result of my studies. All investors must do their own due diligence, come to their own conclusions, and make their own financial decisions. + +**Update to Original Post:** + +* Added onto the TL;DR +* I've added onto and clarified AIG's 2008 securities lending losses within this post to include information that funds, and borrower loses could be substantial worse for GME securities lending counterparties, and +* included new funds + +**If you've read the prior posts and are just here for the updated funds, please proceed to Example 4**. Otherwise, here you go. + +**TL;DR** Broker Dealers (primarily believed to be the big banks/prime brokers) are estimated to have borrowed at least **5.72M shares of GME** from mutual funds and ETFs (funds). The funds are exposed to potentially catastrophic securities lending counterparty loses. The brokers are also exposed to risks in multiple areas. They are; relending the borrowed shares, they own shares of the funds that are originally lending the GME shares, and their own company's shares are within some of the funds' holdings. (Insert WTF face) I'll explain more. + +It's a long post and I believe it is 100% worth the read as it shows the interconnectedness of the entities involved and how everyone, from the short seller all the way back to the shareholders of the funds loaning the GME shares are exposed to potentially catastrophic losses during MOASS, which is why I believe my shares are safest at Computershare. + +Background Information + +**Broker dealers are exposed to potentially high $ securities lending counterparty risks from GME and we can see it.** Mutual funds and ETFs (funds) have lent GME shares to broker dealers who in turn lent it out to be shorted. The lending of this security makes the fund and the broker dealer a "counterparty", hence "securities lending counterparty". + +[AIG](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) suffered roughly $21B in losses from this same business practice in 2008. They would borrow securities from a broker (Citadel & others) and lend them to hedge funds, who would short sell the stock. AIG's counterparties (the brokers) were bailed out [$43.7B](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) in 2008. + +There are **two main types of securities lending risks**. + +**The first risk** type is what AIG experienced as the collateral they received from the lent securities was reinvested in illiquid high-risk assets, including assets backed by subprime residential mortgage loans which lost value during the sell-offs. + +In 2014, current SEC Commissioner Hester Pierce had the following to say; *Through the securities lending program, AIG and its life insurance subsidiaries had massive exposure to residential mortgage-backed securities. At the height of the 2008 crisis, the program experienced a run, and AIG could not meet the massive repayment demands.* ***The losses in the securities lending program were severe enough to imperil a number of AIG’s regulated life insurance subsidiaries. Before the bailout, AIG itself may have been insolvent.*** [\[Source\]](https://www.mercatus.org/publications/financial-markets/securities-lending-and-untold-story-collapse-aig) + +In order to close a securities lending transaction, the fund needs to return the collateral to the borrower when the borrower returns the share, which would mean the fund would need to close some of its positions unless it has the collateral already set aside, which it most likely does not because **everybody wants more money**. Since AIG reinvested the collateral they received in dog shit wrapped cat shit, the collateral had lost a lot of value and wasn't worth as much when they needed to cash out. + +If you want to get really technical on 2008 securities lending issues, check out [Securities Lending & Why Wall Street Sold 2.5T Treasury IOU's Last October](http://www.24hgold.com/english/news-gold-silver-securities-lending-and-why-wall-street-sold-2-5-trillion-treasury-ious-last-october.aspx?contributor=Eric+de+Carbonnel&article=2507793268G10020&redirect=False) + +**The second risk** **type** ***relates to a worst-case scenario*** *-- when a borrower, such as a hedge fund or investment bank, collapses and is unable or unwilling to return assets to the fund. Let's use Fannie Mae (2008) bonds as an example. A fund accepts Fannie Mae bonds as collateral, and while holding that paper, its value decreases. The agreement calls for these securities to be marked to market daily, with any decrease in value covered by the borrower. However, if the borrower fails to increase the amount of the collateral, and does not return the borrowed securities when they are due, the fund now has collateral worth less than the value of the securities lent out, and it experiences a loss in its net asset value.* [\[Thanks Motley Fool\]](https://www.fool.com/investing/general/2008/10/16/the-risky-business-of-securities-lending.aspx) + +Thinking of that AIG example, funds are currently lending GME shares to brokers who are ***relending*** the security to a hedge fund to be short sold... + +During MOASS, the [mutual funds,](https://mutualfunds.com/education/mutual-funds-and-security-lending/) and [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks) currently loaning GME, and the *investors* of those funds, have a similar but worse exposure to securities lending risks then the brokers who were involved in AIG's scheme. + +The brokers currently borrowing and lending GME have a similar but worse [exposure](https://deloitte.wsj.com/articles/securities-lending-a-focus-on-two-risk-areas-1495080131) than what AIG's exposure was in 2008, which was famously catastrophic for AIG and its counterparties... I wonder how it will go for the current GME lenders? + +What's more, the *investors* of the funds loaning the shares are the very brokers who are borrowing shares from the funds. **They own shares of the ETFs** **loaning the GME shares** (ex. BofA owns 11.6M shares worth $3.3B, of IJH) So, they're exposed as lenders of the securities and as investors in the funds loaning the shares. + +And MOAR, some **funds also hold a lot of the brokers OWN shares** (ex. VTI holds 83M shares of JPM - worth $13B)... So, the broker is now exposed to counterparty risk 3 ways... + +1. They are borrowing and relending the security, +2. They own shares of the fund which exposes them as *investors* in the fund, AND +3. Many of these funds hold shares of the broker. If the fund needs to liquidate any of these holdings due to their own counterparty loses, the share values will lose money as they're being sold off. + +Here are the main stats from the NPORT [post](https://www.reddit.com/r/Superstonk/comments/tpm5si/nport_gme_deep_dive_so_much_gme_lending_total/) I made which showed how much GME was being lent: + +* **138** of **213** funds were loaning GME shares +* **70** funds lent out more than **90% of their GME shares** +* An estimated **5.72M of total 11.98M GME shares were on loan** (this is just loaned securities and does not account for rehypothecated shares or other avenues of securities lending), +* from the data filing, we were able to see the fund's securities borrowers and how many $ worth of securities they borrowed (this includes all securities, not just GME). We KNOW that someone(s) on the list of borrowers is borrowing GME. +* The primary borrowers of the one fund reviewed (a Fidelity Mutual Fund which had lent $61M worth of GME) were; Morgan Stanley **($911M)**, Goldman Sachs **($454M)**, Citi **($388M)**, BofA **($380M)**, JPMorgan **($321M)**, State Street **($239M)**, Barclays **($115M)**, BNP Paribas **($105M)**, UBS **($56M),** etc. + * That's a lot of $ on loan for just one fund... +* A lot of funds loaning the GME shares are managed by the same list of entities who are borrowing shares from the funds + +I'll leave some quotes regarding securities lending counterparty risks later in this post for additional clarity. + +# The Web + +**Example 1** of securities lending counterparty risk is the fund which is estimated to have lent out the most GME shares: + +**Vanguard Total Stock Market Index Fund (VTI)** filed on 3/1/22 for holdings on 12/31/21. + +Total GME Shares = 1,847,760 + +Total GME Shares on Loan ≈ 1,185,700 + +See the prior post for supporting information on how this was calculated. This fund has a lot of exposure when short sellers fail to return all of their shares during MOASS after the short sellers have been liquidated. + +The NPORT-P filing also gives us a list of the fund's securities borrowers along with the value of the securities on loan. This is for all securities, not just GME. Here are this **fund's borrowers:** + +[ Nearly $4B worth of securities on loan to these 24 borrowers ](https://preview.redd.it/5vydi3gnidu81.png?width=898&format=png&auto=webp&s=b8c816d285b57ea55a8efc58b95549e4cf161a26) + +Take a close look at those names... These entities are borrowing the funds then lending them out to hedge funds, best case scenario. We don't know for sure which entity is borrowing GME specifically, but someone(s) here is. + +I wonder who is a **shareholder** of this fund if they have counterparty risk as well? As of their last filing, these guys: + +[ Well, that's basically the same people plus Citadel ](https://preview.redd.it/h7nbskgvidu81.png?width=1081&format=png&auto=webp&s=8e5d6b67e1d432298b44585a2f55b4feaa75fd9c) + +Nearly $10B worth of this fund's shares are held by the same entities listed as the securities borrowers of the fund. + +So wait, the same entities who are borrowing securities from the fund, also own shares of the fund? They have counterparty exposure as fund ***investors*** as well as the ***borrower/lending agent***. $ bills are starting to add up a bit. + +# But Wait... There's MOAR! + +The fund has exposure as well. When short sellers fail to return shares during MOASS, the fund may need to liquidate holdings to keep its head above water. Here are some of the **fund's holdings:** + +[ $40B worth of these securities are held by the fund ](https://preview.redd.it/cpw1348cjdu81.png?width=1183&format=png&auto=webp&s=dec07f47a8ac272f8cda4695a12057910eb434da) + + + +Okay, so when short sellers fail to return shares to the lending agent (the banks), and + +the banks fail to return the shares to the fund, and + +the banks own shares of the ETF, and + +the ETF owns shares of the banks... What happens? + +# 🕸️⏰☎️💥 + +[Vanguard Total Stock Market Index Fund NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0000036405/000175272422053911/0001752724-22-053911-index.html) + +[Whalewisdom: Vanguard Total Stock Market Index Fund](https://whalewisdom.com/stock/vti) + +# Example 2 + +Here is the fund estimated to have loaned out the 2nd most GME shares. **This fund's advisor is Blackrock:** + +**iShares Core S&P Mid-Cap ETF (IJH)** filed on 2/25/22 for holdings on 12/31/21. + +Total GME shares = 1,711,041 + +Total GME Shares on loan ≈ 820,172 + +Here are the **securities borrowers of that fund:** + +[ Just over $2B on loan from this fund... A lot of the same names ](https://preview.redd.it/jullfwrljdu81.png?width=756&format=png&auto=webp&s=6972a8c22156de6b578b133cf3ab6f2aa1e37858) + + Here's some of **fund's shareholders:** + +[ Holding $14B worth of the fund... ](https://preview.redd.it/cbfbfxarjdu81.png?width=1213&format=png&auto=webp&s=cb9c5df7185204086447a5e6a908b4ccac410f7e) + + Here are the **fund's holdings:** + +https://preview.redd.it/ohqh97okmdu81.png?width=1181&format=png&auto=webp&s=4063becd6a1b6e36aed0a1a2cb637f964d2c28b2 + +I like cash. + +Also, some Total Return Swaps of funds with HSBC and JPMorgan as counterparties. Here are the supporting links: + +[iShares Core S&P Mid-Cap ETF NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046262/0001752724-22-046262-index.html) + +[Whalewisdom: iShares S&P Mid-Cap ETF](https://whalewisdom.com/stock/ijh) + +[Gamestop NPORT-P Search](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&startdt=2022-01-01&enddt=2022-03-31) (for list of all funds holding GME shares) + +# Example 3 + +The fund estimated to have loaned the 8th most GME shares (205,000): + +**Vanguard Value Index Fund (VTV)** filed on 3/1/22 for holdings on 12/31/21. + +[ GME accounts for $30M of all securities on loan by this fund \(27&#37;\) ](https://preview.redd.it/tvpidb5pmdu81.png?width=754&format=png&auto=webp&s=c1f4f919d384fc065c5b2cbc001531188ad5cd87) + + **Shareholders of the fund:** + +[ Holding $14B worth of the fund shares ](https://preview.redd.it/dk00nvfjpdu81.png?width=1127&format=png&auto=webp&s=6ec8165862efec7ce3709c21e7aeca8c6d7e1b2c) + +Just to name a few other shareholders: BNYM, Blackrock, BNP Paribas + +**Holdings of the fund** (deleted the image as I'm out of room for pictures): + +* Bank of America Corp (53M shares valued at $2.36B) +* Citigroup Inc (15M shares valued at $915M) +* JPM (22M shares valued at $3.57B) + +**Other holdings** of this fund include: BNYM, Blackrock Inc, Blackstone, CBRE Group, Cboe Global Markets, CME Group Inc, Charles Schwab Corp, Fidelity National Financial Inc... Just to name a few. + +# Computershare + +Direct Registration is how I am protecting my shares in the event my broker defaults and is liquidated [(741)](https://usbankruptcycode.org/chapter-7-liquidation/subchapter-iii-stockbroker-liquidation/section-741-definitions-for-this-subchapter/) from short selling OR securities lending counterparty losses. There's lots of DRS posts out there that will break down the reasons why I feel GME's transfer agent, Computershare, is the best place for my shares. + +I'm not telling you that your broker will default. I'm also not telling you to DRS your shares. I'm simply saying that **I feel safest knowing most of my shares are on GME's books at Computershare** because when marge calls and the short sellers are liquidated, that exposure is going to be passed elsewhere, including to the funds and other entities involved in the securities lending listed above, and the other avenues we've done our DD on. + +# The Counterparty Risk + +[Deloitte - Securities Lending](https://www2.deloitte.com/us/en/pages/financial-services/articles/addressing-securities-lending-risks-with-blockchain.html) + +***A typical securities lending transaction involves multiple entities: borrower, lender, lending agent, prime broker, and clearinghouse.*** *Lenders typically include various investment firms, as noted above, whereas, broker-dealers and hedge funds make up the bulk of the borrower group. Lending agents, on the other hand, are broker-dealers, custodial banks, and some large asset management firms as well.* + +***In almost every securities lending transaction, lenders are exposed to multiple risks***, such as counterparty default risk, collateral reinvestment risk, market risk, liquidity risk, operational risk, and legal risk. In particular, counterparty default risk and collateral reinvestment risk seem to have captured the most attention from regulators. + +[SEC - Securities Lending by U.S. Open-End and Closed-End Investment Companies](https://www.sec.gov/divisions/investment/securities-lending-open-closed-end-investment-companies.htm) + +*Lending agents* ***often*** **(not always)** *indemnify* (protect) *funds against the risk that the borrower will fail to return the borrowed securities (to the extent that the value of the collateral is insufficient to replace the unreturned securities).* ***Lending agents, however, typically do not indemnify funds for losses incurred in connection with cash collateral reinvestment.*** + +[mutualfunds.com - Securities Lending](https://mutualfunds.com/education/mutual-funds-and-security-lending/) + +***When a fund lends the stocks,*** *these assets are not actually part of the fund, the put-up collateral is.* ***Typically, U.S. Treasuries or cash is used.*** *However,* ***in*** ***recent years everything from mortgage backed securities and derivatives to letters of credit and other exotic I.O.U.’s have become commonplace***\*. These sorts of instruments fluctuate in price and must be marked-to-market daily. That can actually affect the net asset value of the mutual fund if they swing rapidly. An additional risk is if the mutual fund invests that money in something less than desirable to juice returns.\* + +*Secondly, if the collateral drops in value by too much, the investor borrowing the shares may be forced to add additional collateral or cover the short early. If they can’t,* ***the mutual fund and its investors are on the hook for the damage.*** + +The same thought process for [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks). + +# Example 4 + +This is the fund estimated to have loaned out the 19th most GME shares (45,220). + +**iShares Core S&P Total U.S. Stock Market ETF (ITOT)** filed on 2/25/22 for holdings on 12/31/21. + +Here are the fund's **securities borrowers:** + +[ Borrowing just shy of $1B from the fund ](https://preview.redd.it/9a4da82crdu81.png?width=882&format=png&auto=webp&s=5d250a9092172a9d42fc017001f9f683ec18e9ee) + +Here are the **fund's shareholders:** + +[ Holding over $9B worth of the fund ](https://preview.redd.it/bobjfi6hrdu81.png?width=1053&format=png&auto=webp&s=04c07ff8161f31516c47f9c70795a6620ce9c53f) + +Here's a few other fund **shareholders;** BNYM, Blackrock, National Bank of Canada, Susquehanna, US Bancorp, Royal Bank of Canada, Fidelity, Bank of Montreal + +Here are some of the **fund's holdings:** + +[ Holding over $1B worth of these securities ](https://preview.redd.it/ppwzz21qrdu81.png?width=1269&format=png&auto=webp&s=c78a9c212b6e37db1b531b822fe4ce0bb11bbd94) + +Some other **holdings** of the fund include; Apollo Global Management, BNYM, Blackrock, and Blackstone, Cboe Global Markets Inc, Nasdaq Inc... The fund has holdings of exchanges too? What? Yep, there's MOAR funds just like that. + +[ITOT - Whalewisdom](https://whalewisdom.com/stock/isi) + +[NPORT Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046360/0001752724-22-046360-index.html) + +# Example 5 + +Here is the fund estimated to have lent out the 3rd most GME shares (418,000), this fund does not hold any bank shares, but important to continue showing the overall exposure: + +**Vanguard Extended Market Index Fund (VXF)** filed on 3/1/22 for holdings on 12/31/21. + +[ Borrowing $1.7B in securities ](https://preview.redd.it/8wyazx4xrdu81.png?width=881&format=png&auto=webp&s=1381741588d34f65632cc0439841d54b388f6f18) + + **Shareholders:** + +[ Shareholders are holding $1.43B in securities ](https://preview.redd.it/d21asf76sdu81.png?width=1053&format=png&auto=webp&s=636f0f0d416735e0911dfe2105bb39c12e334655) + +**Other shareholders**; Blackrock, Deutsche Bank, Fidelity, Jane Street Group, Millenium Management, Royal Bank of Canada, Natixis, Susquehanna... + +Are you noticing some repetitive names? + +# Example 6 + +Here is the fund estimated to have loaned out the 23rd most GME (34,483): + +**College Retirement Equities Fund - Equity Index Account** filed on 2/24/22 for holdings on 12/31/21. + +Here are the securities borrowers: + +[ Borrowing $171M securities ](https://preview.redd.it/opzusgccsdu81.png?width=882&format=png&auto=webp&s=3a316447853596aab8b991e7c5eb99eab35a8b99) + + Here are some of the fund's **HOLDINGS:** + +[ Holding $725M in these securities ](https://preview.redd.it/m15jpaorsdu81.png?width=955&format=png&auto=webp&s=7e0c417cdc45dc0bdcaa3de8e0526e8af4cf0300) + +Here are the funds **shareholders:** + +[ So yeah, there's that, and that's why you don't dance ](https://preview.redd.it/bbafbgyxsdu81.png?width=768&format=png&auto=webp&s=61e4fda2122beaa3d9dff0f2887eed52365139f6) + +[Link to NPORT Filing](https://www.sec.gov/Archives/edgar/data/777535/000175272422044235/xslFormNPORT-P_X01/primary_doc.xml) + +[Link to Fund Information](https://www.tiaa.org/public/investment-performance/investment/profile?ticker=268561119#resources) + +["R" Class Funds](https://www.thebalance.com/what-are-mutual-fund-class-r-shares-2466763) + +# Example 7 + +Here is the fund estimated to have loaned out the 36th most GME (23,252): + +**iShares Russell Mid-Cap ETF (IWR)** filed on 2/25/22 for holdings on 12/31/21. + +Here are the **securities borrowers:** + +[ Borrowing $1B ](https://preview.redd.it/b479dz46tdu81.png?width=757&format=png&auto=webp&s=89cd57d220f47e34d06b6fc32e7a6383961991a2) + +**Shareholders:** + +[ Holding 122M shares worth $10B of the fund ](https://preview.redd.it/ds8z85kbtdu81.png?width=1051&format=png&auto=webp&s=ea9f89931f772895dec02bbd455d2809a812c714) + +**Fund holdings:** + +[ Holding $1.6B in these securities ](https://preview.redd.it/rhuoee1gtdu81.png?width=1267&format=png&auto=webp&s=0320edb82e886739b38618d36f508c7b47658083) + +This fund includes the same familiar names, and you'll also see Iron Mountain, who holds books/records for many of the entities listed throughout the post. + +**\[Insert dumpster fire meme\]** + +Do you see the vastness of risks involved in the short selling process, especially if most of that short selling is naked short positions AND other hidden means? + +Decentralized tokenized exchanges could potentially benefit from the fallout illegal naked short selling will cause the world's financial system 🤔 + +# fin + +When short sellers are liquidated during MOASS, funds, fund shareholders, and fund borrowers are exposed to huge securities lending counterparty risks. The above information shows a small glimpse of the GME securities lending taking place and the potential exposures for everyone involved. + +Again, these statistics do not include any information on rehypothecated shares, any other avenues of securities lending, or any form of short interest. This is merely the estimated number of shares on loan by some funds. + +Every quarter of 2021, the NSCC has had this (or similar verbiage) to say regarding the Clearing Funds backtesting, *the largest deficiency incurred during the quarter was mainly driven by a concentrated security* ***exhibiting idiosyncratic risk*** AND they didn't have enough cash on hand to cover the potential default of their largest member 5 times in 2021. This had never happened before. [DTCC](https://www.dtcc.com/legal/policy-and-compliance) + +*What's an exit strategy?* + +**You want to get even wilder?** Go look at the main holdings and shareholders of **AGG, IGSB, & NEAR** to find out that **these entities are indirectly holding their own and each other's debt through ETFs.** + +**Note 3:** If everything is starting to look like a web, maybe there is a hub? I feel it important to point out that A LOT of entities listed as borrowers or shareholders of the funds above, are also listed on the **W\^E\^F PARTNERS** [**PAGE**](https://www.weforum.org/partners#D) **including** [**BCG**](https://twitter.com/ryancohen/status/1512103363311243269?cxt=HHwWisC4nev_iPwpAAAA) **& the DTCC** along with a lot of other familiar faces, including [Ken Griffin](https://thefundchicago.org/who-we-are/board/kenneth-griffin/). Maybe there is a connection, maybe it is complete coincidence. When coincidences pile up though, it's worth looking into them. + +**Note 4:** I am not a financial advisor and none of this information is financial advice. I am simply providing information that is publicly available. + +# 💜🟣💜 + +Tanks fo reedin +After seeing some more awesome shit regarding more tail numbers popping up I did a cross comparison of the flight paths. I will be talking here about Cessna [EJA512](https://globe.adsbexchange.com/?icao=a66a4c&lat=32.101&lon=-81.506&zoom=4.7&showTrace=2021-08-18)which is technically owned under a weirdass Frankenstein company tied to KG and KG's personal Bombardier [N302AK](https://globe.adsbexchange.com/?icao=a326ca&lat=40.824&lon=-74.603&zoom=9.0&showTrace=2021-08-18). (These links will take you directly to the ADS tracker for these planes) + +&#x200B; + +u/maxxxxpower did a post on EJA512 earlier today which got me thinking....and at first glance I noticed that there were inconsistencies and that Ken was flying on the Bombardier on days when this one was out. Also on ADS there are three other companies listed for the plane. CF Industries, Griffin Capital, and Hacket. After visitng Dr. DuckDuck I saw where EJA512 isn’t owned by these companies. Rather it is owned by NetJets. + +&#x200B; + +https://preview.redd.it/g8mp1k9op8i71.jpg?width=1885&format=pjpg&auto=webp&s=adea213f8c69631348af7e5d1fa9239af64e78f8 + +I thought well fuck maybe this is aint right? Can’t be? Cause then this may not be KG's plane? + +&#x200B; + +Then u/Pop-Tart_Rabies_Monk said…..well maybe he’s using both. + +Fuck you are a smart one. + +That being said it can be pretty fucking hard to figure out which legs are his and which legs aren’t. While this is still fucking true. Look at this damn shit. + +&#x200B; + +https://preview.redd.it/us5l816tp8i71.jpg?width=1597&format=pjpg&auto=webp&s=25963b99629e8c848f505d97be0092516131e443 + +&#x200B; + +https://preview.redd.it/m9qr0v1up8i71.jpg?width=1217&format=pjpg&auto=webp&s=4b8c13002eec937353203987f2d773a13cdf650c + +&#x200B; + +https://preview.redd.it/eyelts0vp8i71.jpg?width=1654&format=pjpg&auto=webp&s=fde145fcefad95000d4eccbdeff424181f739171 + +Look at the time stamps. Yesterday he flew into the hamptons on Bombarider. Today the Cessna flew out of what looks like Massachusetts (aint that far from the Hamptons....look at the timeframes too. He may also have a helicopter or \*another\* plane we've yet to find) but then landed in WPB and later back in the Hamptons. His Bombardier then flew from the Hamptons to Teterboro this evening just after the Cessna landed there. u/bro-ssef [Remember our pal who had a buddy go see the plane and saw the tail number?](https://www.reddit.com/r/Superstonk/comments/p6x88t/did_someone_says_kennys_jet_was_in_my_hometown/)It sat there while he flew south on the other one. + +Mother fuckers. He’s using two planes. + +This Cessna, while being listed under three companies on ADS, one of which is Griffin Capital, it is listed under NetJets Aviation LLC on locations such as Flightaware. + +(enter flight aware) + +https://preview.redd.it/83om4cvnq8i71.jpg?width=1092&format=pjpg&auto=webp&s=6b197602d50d45c9f810f3d584f7d68a78dd0cec + +It gets really fucky here. + +NetJets in and of itself is a company from the 1960s with various subsidiaries, yada yada. These subsidiaries are: Executive Jet Management, Inc. NetJets Aviation, Inc. QS Partners NetJets Europe QS Security Services. NetJets Aviation LLC is **NOT** one of these fucking subsidiaries. + +&#x200B; + +https://preview.redd.it/h82xx52sq8i71.jpg?width=1728&format=pjpg&auto=webp&s=fc1521ffa0a22e2a5052fd9174dcb6a62c58ecb0 + +Oh interesting. NetJets Aviation LLC was incorporated February 3, 2021. This gives reason to why it would list CF Industries, Griffin Capital, and Hackett as the owners on ADS of this Cessna rather than NetJets….because it fucking isn’t owned by fucking NetJets, but a weird smoke and mirrors company named JUST FUCKING LIKE a charter company. + +&#x200B; + +What Hacket, CF, and Griffin have to do with each other? I have speculation but no specific ties. So I will hold off since I’m labeling this as DD...because the rest is. + +TLDR; Two planes are being used. Why the fuck under a weird ass company alias? + +&#x200B; + +Side Note: To the other Apes who I was walking through this shit with....I think I tagged yall. But dear god I know I'm forgetting someone. I sowwy. + +&#x200B; + +&#x200B; + +As an aside....if you're confused why this is a big deal pleeeeease please go read the other countless things I've posted about this weird ass shit in my profile. I've got charts. Or tables. Whateverthehell. + +&#x200B; + +&#x200B; + +Edited!!!!: + +&#x200B; + +Fuck me I did more comparisons and he flew to St. Johns.... + +&#x200B; + +https://preview.redd.it/gja3n62ks8i71.jpg?width=1221&format=pjpg&auto=webp&s=0054b11ededeb4fc268ee618f2b1b138cfcf50b5 + +&#x200B; + +https://preview.redd.it/yff2qohls8i71.jpg?width=1241&format=pjpg&auto=webp&s=1a21dd87b7159e98aaa3b2f8a3bf57a1f1cb569d + +&#x200B; + +&#x200B; + +Edited again: + +&#x200B; + +And from Bermuda to ....Teterboro... + +&#x200B; + +&#x200B; + +https://preview.redd.it/qxu2ba7lt8i71.jpg?width=1103&format=pjpg&auto=webp&s=25162fb72aef14ed5d2589ec0858218c7f0fa451 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +User's can, but shouldn't have to keep it offline. Their Ans/Neo investments have earned it and i cant see any justification for Bittrex to keep something that belong to them + +If upvoted i hope this post will get their attention as i've always been very impressed with their customer service and interaction with the Crypto community +Price Target $5 from TWO wallstreet firms. The consensus is a buy. The company’s lead product candidate is sofpironium bromide that is in phase 3 clinical trial to treat patients with primary axillary hyperhidrosis. Its pipeline consists of potential novel therapeutics for hyperhidrosis and other prevalent dermatological conditions. Brickell Biotech has a collaboration agreement with AnGes for the development of a novel DNA vaccine candidate for COVID-19. And despite all this, I've seen the metrics on yahoo and stocktwits. Not alot eyes on this. In fact, it's too quiet. They expect results by the end of Q1 for the covid vaccine and from the looks of it, it's done very well. Their drug Kaken which is ALREADY commercially used in Japan as of November, is in phase 3 which means this is as good as getting FDA approval. So my question is. Why haven't you put your money in LITERALLY free money? + +Edit: Also look at the 1 month chart, it's forming a cup and handle. This is a no question buy and I fail to see why people are chasing other stocks that's already blown up when this itself is ready to explode +Price Target $5 from TWO wallstreet firms. The consensus is a buy. The company’s lead product candidate is sofpironium bromide that is in phase 3 clinical trial to treat patients with primary axillary hyperhidrosis. Its pipeline consists of potential novel therapeutics for hyperhidrosis and other prevalent dermatological conditions. Brickell Biotech has a collaboration agreement with AnGes for the development of a novel DNA vaccine candidate for COVID-19. And despite all this, I've seen the metrics on yahoo and stocktwits. Not alot eyes on this. In fact, it's too quiet. They expect results by the end of Q1 for the covid vaccine and from the looks of it, it's done very well. Their drug Kaken which is ALREADY commercially used in Japan as of November, is in phase 3 which means this is as good as getting FDA approval. So my question is. Why haven't you put your money in LITERALLY free money? + +Edit: Also look at the 1 month chart, it's forming a cup and handle. This is a no question buy and I fail to see why people are chasing other stocks that's already blown up when this itself is ready to explode +So I graduated from a private college for audio production back in December of 2013 with a whopping $70k of debt racked up. I work part time but average around 40-48 hours a week in broadcasting which is widely known as a poor-paying industry. + +Here's my problem: my student loans are around $900 dollars a month split among multiple federal and private loans. (I believe it's $600 in private loans and the rest in federal loans.) I had to drop the lease on my apartment and move back in with my parents to afford the monthly payments. The only things I really pay for are my loans, gas, and to take my girlfriend on dates and occasionally buy her a gift for a birthday or holiday. + +I have looked into refinancing my loans but it seems like the rule of thumb is you need to have 12 months of previous payments before anyone will even look at your application. + +Is there anything I can do to lower my loans or is it just a waiting game? + +What can I do to better manage my money? Should I learn how the stock market functions? Would that even be beneficial with my limited amount of money to spend? + +I am starting to fear where I might be a couple years down the road. I have had people tell me that I'll never be able to afford a house or kids. I have every intention of marrying my girlfriend and planning ahead long-term is starting to become scary with people telling me I won't be able to provide for her. + +Any advice would be greatly appreciated! + +EDITS: + +-No, I didn't go to Full Sail. + +-Thank you to those who have provided solid advice. I am completely aware of the situation I am in and didn't post here to be bombarded with comments about being stupid and careless. Life is short and I chose to pursue something I love. I'm in a hole right now and I don't appreciate all the negativity. +https://twitter.com/timkhiggins/status/984304972442492928 + + +I think NTSB may take regulatory action against their "Autopilot" which will tank their stock price. Tesla may be trying to get ahead of that story by trying to create an narrative around "Autopilot". +Taken straight from the Facebook of one of Switzerland's national councillors, Claude Béglé. Extremely interesting and powerful news: + +"Promoting Switzerland as a global hub for blockchain technology + +Motion that I just tabled at the end of the session at the National Council, on a subject that some do not yet understand very well, but which will upset our habits. So prepare as well. + +Text of Motion + +The Federal Council is asked to carry out a reflection involving the relevant actors in order to establish a strategy that will make Switzerland a global center of Blockchain technology; and to accompany this process by taking on a facilitating role, stimulating training, promoting conferences, establishing a specific legal framework and creating a quarterly information chart. + +Blockchain technology matures from month to month: it is moving from the testing phase to a certain degree of standardization, enabling it to spread rapidly across many sectors of the economy. + +With a leading innovation ecosystem, our country has the necessary assets to attract the actors of the blockchain. And the emergence of a global blockchain cluster in Switzerland would benefit our entire economy. + +Development + +Concretely, the blockchain is a sort of virtual notary: all transactions, all recordings of documents serving as proof are made by computers. + +The blockchain is very secure: it works thanks to dozens of computers, permanently connected, which register the same transaction, control its contents and store it at the same time. The operation is validated only if more than 50% of the computers in the blockchain have the same information. + +By combining the blockchain with the Internet of the objects and the digital creation of documents, one obtains a "smart contract" which allows to trigger an action when certain facts have occurred, that to respect the provisions of a contract. + +The blockchain, included in smart contracts, is very popular with banks to validate in one click financial transactions. It begins to be used for the international transit of goods (abandoning bundles of customs documents), for the international traceability of foodstuffs, or to oblige to deliver only medicines transported at the right temperature. + +Many major Swiss groups are interested in the blockchain: UBS, Swisscom, Nestlé, Trafigura have entered into partnerships; Credit Suisse has a specialized research team. And we are already talking about a "Crypto Valley" in the region of Zug. + +On the other hand, 60% of the heads of companies do not measure the stakes of the digital and the blockchain, according to a survey carried out in the canton of Vaud by the Chamber of Commerce at the end of 2016. It is also in this that a federal impulse would be useful. + +Claude Béglé, National Councilor" + +EDIT: pictures of the original post on Facebook, in French: https://imgur.com/a/RmAwG +So lately work has been a bigger source of stress for me than normal. There are a lot of reasons for it, some of which may have been self inflicted. \[ I have never been good at office politics. \] + +I don't have a 6 figure job, but I have invested small amounts for a long period of time and made the most of the windfalls that have come my way. + +I decided to take a vacation and during that time I did some math. + +My current NW is at about 1.5Mil. + +My expenses averaged out for the last five years have been about 24k a year. \[I killed the mortgage a while back and that helped a ton!\] + +My highest expense year was last year at 38k but I did a lot of work on the house and had some unusual and hopefully one time medical bills. + +I have no debt. + +So between my savings and my investments it looks like I should be able to support myself for the foreseeable future! + +When my vacation was over I went back and spoke to my manager and let them know I was going to retire early! + +They were a bit surprised but no hard feeling and I have turned in my resignation! + +&#x200B; + +I am officially FIRE! + +\[edit for spelling correction\] +Just a small bone to pick with some of the posts I saw yesterday, likening us to lottery winners. Was I lucky when I bought the leading smart contracts platform in march 2020? Was I lucky when I bought NFT tokens in December 2020? Was that nerd you're envious of lucky when he invested heavily into THE COIN in 2012? + +No. My only luck is being able to experience this timeline. For every person like me who believes, there is a person who doubts me. We are well informed individuals, taking advantage of every opportunity life throws at us. + +Further more. I nearly didn't get into web3.0 projects. I was TOLD in 2019. But it didn't click with me until I formed my own convictions nearly an entire YEAR later. + +I'm no Einstein but I know I'm fairly smart. People like me and you... we read the reports, take the data, abstract it in our minds and see what kind of future we can imagine. Then we pull the trigger and INVEST. + +I know many here will suffer imposter syndrome bad when they get their tendies later this year. Yeah yeah, you will have millions n ya crying about this. boo hoo. What's the point in having financial freedom if you aren't happy? + +I've spent hours reading every DD. Started with 1 share for a joke. Bought more because I saw opportunity. Then got fucking greedy because I like what I saw. *Really*, liked what I saw. Went so far as to like the stock, some might say. + +I know I ain't the only mofo who weighed up the risk after reading every single DD n dumped his entire life savings into this. It's been tough these last few months because of it. And when I pays off, I won't be fucking lucky. + +First I was informed. Then I was courageous. Don't wanna be lectured for dumping every penny I have into this, but when you do that it's more than just buying a stock. It's liking a stock. + +I'm sure you're the only guys that will understand this when I say ***I can see the future***. Same thing I thought about every other thing I ever invested in. + + +Biggest risk I've ever taken. Most courage I've ever shown to go through with this. And when it pays off I won't be fucking lucky. Already have an issue with trying to explain my life path to people, when usually it all boils down to a fancy job title. There's no simple word or title which explains the experiences I've gone through investing in early stage projects. Venture capitalist? idk, I don't have that much money yet. + +Sorry, just gettin' emotional about this. I love all apes. And I know the original lottery posts were to try and educate the less financially literate about what to do with their money. I love all apes n ants. Just needed to vent this. Thank you for understanding . + + +I just wanna scream at every uniformed person who says "oh I would have done this" based on hindsight. It is NEVER easy when you're a forward thinker about to pull the trigger and start an investment. It is a well calculated decision. The risk is analysed. And there's a reason not everyone does it. Largely because it requires balls, but it also requires extensive dedication to a topic for months of research. And unless you're the right type of person, most people just don't like that. + +And seemingly in one fowl swoop a person can brush off and undermine your entire life's work because they're ignorant of what it takes. They'll never know + +&#x200B; + +see you in tendie town x +💎🙌🚀🚀🚀🍌🦍 +Hello Motos, + +Normally I post this as just a picture and the title but I've been asked to do a breakdown of the data. + +**DISCLAIMER;** This isn't the normal NFA disclaimer (but still this isn't NFA) but a disclaimer saying that short volume hasn't been reported on [Shortvolumes.com](https://Shortvolumes.com) the past two days. Thursday I used a weighted average of the past ten days short volume and Friday I've opted for Fintel's. Fintel's uses slightly different data than short volumes and I'd rather be consistent but this is a temporary measure until I either find out why Short Volume isn't reporting or just swap to Fintel full time. + +https://preview.redd.it/l6i90qlnx8k71.png?width=844&format=png&auto=webp&s=c9a983c532a590189ae351ba222e97578f245536 + +So let's go through the terms. + +* **Volume (mil)-** Volume in it's millions. +* **DP Percentage-** The percentage, written as a decimal, of what volume went off-exchange (includes all ATS and non ATS-OTC volume). +* **DP Volume-** The volume of all off exchange trading in millions. +* **Remaining Volume-** The remaining volume that was traded in millions. This is the volume on lit exchanges. +* **SV Percentage-** This is the short volume, written as a decimal, of the remaining volume (or the volume off of lit exchanges). +* **Confirmed SV-** The short volume from lit exchanges written in millions. +* **SV total-** The total percentage of short volume, written as a decimal, when compared to all volume. + +Quick note, Short volume and short interest are not the same. Short volume is the amount of shares borrowed and sold in a given timeframe (for us a day) where as short interest is the amount of shorts that are still open at any given time. + +So from this we can look for a different couple of breakdowns which point to different indicators of what's happening to the stock. + +**High DP and High SV-** + +Firstly, if we have high DP percentage and high SV percentage we can tell that the price of the stock is incorrect (Duh we know that, but this is the why) because most volume is going off exchange and doesn't reflect price, and what volume their is on the lit exchange is being manipulated from artificial sell pressure from shorting. + +**DP percentage and volume-** These have an interesting relationship. You'll see this better on GME's number than the movie stock, only due to the fact the movie stock's volume has been consistently high where as GME has dried up. The higher the volume, then the higher the dark pool percentage. It does level off at a certain point but overall this points to that increased volume means increased buying power which has to be filtered off lit exchanges as to stop the price rising. There is a point of no return however, this seems to be at the 64% DP percentage level. + +**SV Total-** This is the big one for me. After all else is said and done it shows you how much of total volume has been confirmed as shorting. I'm disinclined to think that there will be much, if any shorting, off lit exchange as that defeats the purpose. So my big takeaway for GME is even at low volume they have to engineer everything to make sure the volume still works in their favour. + +**Parting words** + +Sorry this isn't as long as my normal posts. If you can derive or infer anything else from this let me know, I'll include and credit you if I agree or can confirm it. + + If you like what I do [check out my twitter](https://twitter.com/BOBoonRoss) or [my YouTube out, filled with DD and the recap/look aheads.](https://www.youtube.com/c/BOBoonRoss) +Hello Motos, + +Normally I post this as just a picture and the title but I've been asked to do a breakdown of the data. + +**DISCLAIMER;** This isn't the normal NFA disclaimer (but still this isn't NFA) but a disclaimer saying that short volume hasn't been reported on [Shortvolumes.com](https://Shortvolumes.com) the past two days. Thursday I used a weighted average of the past ten days short volume and Friday I've opted for Fintel's. Fintel's uses slightly different data than short volumes and I'd rather be consistent but this is a temporary measure until I either find out why Short Volume isn't reporting or just swap to Fintel full time. + +https://preview.redd.it/l6i90qlnx8k71.png?width=844&format=png&auto=webp&s=c9a983c532a590189ae351ba222e97578f245536 + +So let's go through the terms. + +* **Volume (mil)-** Volume in it's millions. +* **DP Percentage-** The percentage, written as a decimal, of what volume went off-exchange (includes all ATS and non ATS-OTC volume). +* **DP Volume-** The volume of all off exchange trading in millions. +* **Remaining Volume-** The remaining volume that was traded in millions. This is the volume on lit exchanges. +* **SV Percentage-** This is the short volume, written as a decimal, of the remaining volume (or the volume off of lit exchanges). +* **Confirmed SV-** The short volume from lit exchanges written in millions. +* **SV total-** The total percentage of short volume, written as a decimal, when compared to all volume. + +Quick note, Short volume and short interest are not the same. Short volume is the amount of shares borrowed and sold in a given timeframe (for us a day) where as short interest is the amount of shorts that are still open at any given time. + +So from this we can look for a different couple of breakdowns which point to different indicators of what's happening to the stock. + +**High DP and High SV-** + +Firstly, if we have high DP percentage and high SV percentage we can tell that the price of the stock is incorrect (Duh we know that, but this is the why) because most volume is going off exchange and doesn't reflect price, and what volume their is on the lit exchange is being manipulated from artificial sell pressure from shorting. + +**DP percentage and volume-** These have an interesting relationship. You'll see this better on GME's number than the movie stock, only due to the fact the movie stock's volume has been consistently high where as GME has dried up. The higher the volume, then the higher the dark pool percentage. It does level off at a certain point but overall this points to that increased volume means increased buying power which has to be filtered off lit exchanges as to stop the price rising. There is a point of no return however, this seems to be at the 64% DP percentage level. + +**SV Total-** This is the big one for me. After all else is said and done it shows you how much of total volume has been confirmed as shorting. I'm disinclined to think that there will be much, if any shorting, off lit exchange as that defeats the purpose. So my big takeaway for GME is even at low volume they have to engineer everything to make sure the volume still works in their favour. + +**Parting words** + +Sorry this isn't as long as my normal posts. If you can derive or infer anything else from this let me know, I'll include and credit you if I agree or can confirm it. + + If you like what I do [check out my twitter](https://twitter.com/BOBoonRoss) or [my YouTube out, filled with DD and the recap/look aheads.](https://www.youtube.com/c/BOBoonRoss) +Been in crypto since 2013, and I’ve seen my fair share of projects in this space. I invested in the ETH ICO, getting my ETH at ~$0.30. I entered at the height of the bull market in November 2013, when BTC was growing by $100+ a day for the first time ever. I bought in at $800/BTC through Coinbase, after Mt. Gox rejected my sign-up (thank God). I remember memcoin, feather coin, colored coins. I remember feeling like I missed the boat on Bitcoin. When I read about the ETH ICO, i threw some BTC in “just in case it ever goes the way of BTC.” Six months later they were calling VButerin a scammer. + +I remember when ETH hit $20 for the first time on June 16th, 2016; only to be immediately whacked back to $7 within a day because of the DAO hack. (“Fork You” anyone?). + +In 2017 I saw the rise of ICO’s as the ETH network became a star, and *knew* that the next best things in crypto would be coins like Iconomi (ICN), and Request Network (REQ). Did you know people used to actually debate on this sub whether ETC was better than ETH? People used to mock anyone who thought BTC would one day go to $10k. + +And let’s not forget EOS! The never-ending ICO that could be bought and immediately resold for profit… + +Every coin saw its rise and every time a coin exploded it was “*finally* true price discovery!” “Great team” “awesome project” “I truly believe!” Etc. + +Guess what? It’s all shit. GME showed us that there is crazy manipulation happening in the *cough* heavily regulated *cough* stock market—and crypto, by comparison, is still very much the Wild West You think there is not ten times as much manipulation here? + +Almost every pump you see is orchestrated. Almost every crash is designed to make someone, somewhere money. + +There are a variety of factors that determine this market, and orchestrated pumps are just one of them—crowd psychology is another one. + +And guess what? SOL did not rise 10x in the past two months because it’s an “awesome project” “great team” “white paper” etc. It’s because for someone, somewhere (most likely the team), the stars aligned and they realized it was the right opportunity to start to pump. And then everyone caught on and it went crazy—and now those guys who started the pump have sold. + +But you will hold. Because unlike those sellers, unlike those nasty *profiteers*, this is a “5 year investment” for you. You’re a *true believer*. You read the white paper. You *trust the team*. + +But don’t worry, this is just a “correction” and “it will pump again”—and it probably will, because the guys at the top can still make a lot of money off of this momentum. But one day it will fade, like almost every other project that gained recognition because of its price and the fanboys will be left in their own dedicated subreddit, demanding answers about this or that from a team that has checked out long ago. + +Listen folks. Crypto is amazing. Crypto is absolutely the future of finance (and the internet as a whole). But the sooner you recognize the way this market works, the sooner you’ll start to make some real money. Hodling is for suckers. +Yo. I am not a financial advisor. I am merely a engineer with a strong stats background. + +# Intro to the shit + +I've been getting balls deep into figuring out the numbers behind the GME share price. Like too deep. I just dig data and puzzles and shit. After writing up like 35 pages, I realized that I should try to break these up into parts. I will admit most of them are of graphs and tables because visuals say a lot. + +Regardless, I'm here to tell you that I think that retail has never really had the influence they may think they do over any of this and that high frequency trading (HFT) has been in... THE GAMEstop... since 2002. + +[Sheeit](https://preview.redd.it/6dugw8c5pg081.png?width=772&format=png&auto=webp&s=889462bdf1075e1956e82ce27313c735bdc01fc9) + +When the output values of a system are highly predictable on a repeating time scale, it suggests the independent variables are highly controlled or designed to accommodate fluctuations in its environment to result in such a consistent reaction. + +# Let's start with the easier stuff + +I very often have been seeing observational bias so I want to go over + +[High - Low and Open - Close](https://preview.redd.it/nmmtilfamg081.png?width=1139&format=png&auto=webp&s=c694175d7c8549a3385a94681a97ba4c9a4b34ac) + +Since January 2021 witnessed the first squeeze, the below graph displays values from Feb. 1, 2021 to Oct. 8, 2021. March 10, 2021 had an extremely high “High – Low Delta” as shown below. + +[Formatted High - Close and Open - Close values](https://preview.redd.it/unh270fomg081.png?width=1072&format=png&auto=webp&s=fb12486c042cc4601894c6d0f146d2498a9f05ff) + +As time continued, the range of “High – Low Delta” and “Close – Open Delta” become less spread out. + +[High - Low and Open - Close](https://preview.redd.it/6h25cjlumg081.png?width=925&format=png&auto=webp&s=6125edc90b96fdf8315b7f3cec11be047071965b) + +# High and Low + +Viewing the high and low values on a graph, there is no apparent overall trend since the closing and opening values will intermix due to green and red days. + +[High and Low](https://preview.redd.it/b38y4od4ng081.png?width=624&format=png&auto=webp&s=910b806cb00886bdca643c9d37ddf3e4cdca7ed7) + +To view the data in another way, we can look at the max and mins of these deltas to see if a trend is occurring. There is noticeably less order to how it move as also indicated in the share price line just shown. + +[Min, Max, and Range of \(High - Low Delta\)](https://preview.redd.it/m6mlko98ng081.png?width=836&format=png&auto=webp&s=1f0d84d23a1e1c15123ddb905ac00c6020e93ea9) + +Even removing the more volatile months that could act as outliers still we still do not observe any relationship as a function as time. April 2021 to present + +[Formatted Min, Max, and Range of \(High - Low Delta\)](https://preview.redd.it/ysqv7vwgng081.png?width=1041&format=png&auto=webp&s=c281c7a9242e2ab767b7ee3825aa45f1d36959dd) + +# Open and Close + +The open and close values have been graphed to show how as time moves on, the space in between them decreases. This characteristic has been going on for a while so I give advice to not fall for confirmation bias that any recent events has been causing it unless there is statistical evidence suggesting as such. + +[High - Low vs Date](https://preview.redd.it/nhqj10kwng081.png?width=1090&format=png&auto=webp&s=48fb133924c9052f667d378a270a40daf3eab098) + +The below graph shows the max, min, and range of the “Close – Open Delta.” The max “Close – Open Delta” and min “Close – Open Delta” are seen to approach closer to 0 as time continues. + +What this means is best represented by the lowest line: “Range (Close – Open Delta). The range of the “Close – Open Delta” is showing the delta of the max – min values. Since "Close – Open Delta” is a range, this is the range of ranges. This is effectively proving that as time continues, the delta of the open and close share price is decreasing. The share price is staying with a more and more tighter range as time continues. + +*This is to point out the numerous and continuous statements that this or that has been causing the range to decrease are more than likely observational bias. Without providing the math or doing the data analysis, you're going to see what you want to see.* + +While the Max (Close - Open Delta) is a little wonky, the Min(Close - Open Delta) has a very well defined upwards oscillating. This would suggest that the movement is highly controlled. + +[Min, Max, Range \(Close - Open Delta\)](https://preview.redd.it/afas48olog081.png?width=1361&format=png&auto=webp&s=3c9b03151b85076cc23ef7c970d626d62a5c31ae) + +**Takeaway:** + +While the high and low delta is seen to be sporadic, the close and open values are seen to have a trend which seems to be decreasing as a function of time. The movement lacks "randomness," and thus suggests that the emotional retailer does not have the influence they may think they do + +**Comparing** + +If we were to compare the “High – Low Delta” and “Close – Open Delta” against volume and segregate by month so there isn’t \*really\* a need to normalize, you would get the below graph. These regression analyses indicated how the “High – Low Delta” is greatly related to volume while the “Close – Open Delta” is not. + +While some of the months of 2021 have seen a correlation between "High - Low Delta," volume does not give a fuck about the open and close. So, well fuck. + +[\\"High - Low Delta\\" and \\"Close - Open Delta\\" vs Volume by Month](https://preview.redd.it/2esgqy7qpg081.png?width=1035&format=png&auto=webp&s=3debcfb2982396c90f42c11312d4feb26b727d01) + +[A closer look of the previous graph](https://preview.redd.it/fh9udfv2qg081.png?width=960&format=png&auto=webp&s=ab0bc3c35b28c0e1c2f2e5ac71e766103db52623) + +Aight. That's cool, however, we sort of know this because a baby squeeze and sideways trading have often occurred within the same month. But... what if we were to redefine the time to fit the dates of dem baby squeezes? We get crime but with more statistical confidence. + +One can now see that while volume (from whatever source it may be like retail or some other degens) may affect the high and lows, the open and close values didn't even bother to leave volume on read. + +[\\"High - Low Delta\\" and \\"Close - Open Delta\\" vs Volume by Baby Squeeze Time](https://preview.redd.it/el03faogqg081.png?width=964&format=png&auto=webp&s=8214a696db0e05bff69497fda776d9f0aa19657f) + +**Takeaway** + +The daily high and lows are heavily influenced by volume. It can be inferred that retail actually has an influence on this. Conversely, due to the lack of influence volume has on the Open and Close, this be evidence that these values are manipulated so they hit specific values. So... that's cool.... moving on to... + +# The Moving Average + +A moving average (MA) is a typical method used to smooth out data when there is a lot of noise, so the underlining behaviors of that system is more easily seen. A smaller MA is used for a more volatile process while a larger MA is used for a more stable one. I used a 5-day moving average for this analysis since it is small enough to accommodate volatility but large enough to be useful. Also, there are 5 trading days in a week so it all made sense to me. + +Once we reduce the noise to compare the OHLC, we see the below table: + +[OHLC 5 Day MA vs Date ](https://preview.redd.it/5e3mhl57rg081.png?width=859&format=png&auto=webp&s=17da36ea79ab5713d8cb6cf10334b2d479114ea0) + +Knowing that the open and close values are heavily manipulated to hit specific price points, thus, suggesting large amount of manipulation, I analyze those two in greater detail. I focused entirely on the dates from March on since it has values that were not so astronomically high. + +# High - Low March 2021 On + +Looking at the 5-Day Moving Average, it would appear as if both the high and low values are set within about a $150 delta constraint. Since the high and low value exhibit limits at both the upper and lower bounds, it is safe to assume that everything in-between is as well. + +[High Low 5 Day Moving Average](https://preview.redd.it/phn27uqfrg081.png?width=1078&format=png&auto=webp&s=6b803526cbcf5c9618f46250d992610d079eb877) + +Look at that shit. Once the noise is reduced to better observe the underlying behaviors, we see that the high and low values ALSO are constrained. + +The below table is a moving average. They are not the direct corresponding values relating to that particular day, however, we begin to see the shit we complain about so much. + +[5 Day Moving Average Limits](https://preview.redd.it/odomdbsirg081.png?width=638&format=png&auto=webp&s=edd29683c4b21a0ef7bb944d689fdd741527f069) + +# Hide yo share price. Hide yo dates. + +So aight, the open and close values don't give no fucks to volume. While high and lows may seem to be influenced by whatever powers that be, they still are entirely controlled. Shit being so fucked, I decided to see how fucking controlled all this shit is. Let's check out the behaviors of the data and see if the controlled values themselves even have their time purposefully controlled as well. + +Surprise. They are. But really.... deep down we all knew how figgity fuck everything is. The share price is manipulated so why the fuck not would the days they occur not be as well? Below is a graph showing what I mean + +[Close Open 5 Day MA Corresponding Behaviors to Dates](https://preview.redd.it/6xmuqjjisg081.png?width=1122&format=png&auto=webp&s=6fb3935ee8842d9f075b3d5c4621b8082c9da6a8) + +So, yeah... seeing how this type of movement is stuff that some data tweebs or enginerds dream about for their system, it was almost comical how fucked everything is. + +Now that the above graph now has various unique movement identified that seem to related to each other, why wouldn't they also be consistent in timing as well. *Because, we're already gone this far... so why the fuck not. Really.* + +Separating these values with their respective share price values we get the below table. The net work days for the open and close share price are similar as noted in the graph. + +[Locations with Corresponding Net Days](https://preview.redd.it/jjeuxy0htg081.png?width=794&format=png&auto=webp&s=2d6dda5969016287d1c578f9e047dbbfab8b5e2d) + +[Locations with Corresponding Net Days Separated into their Respective Charts](https://preview.redd.it/mly80x7itg081.png?width=950&format=png&auto=webp&s=bc1b8c9ca3797efa60279905676765a109b6b02d) + +**Take Away** + +Although volume has an influence on the daily high and lows, they are still being constrained with about a $150 difference. This with how the close and open price seem to be controlled to have set values for specific time frames indicates that advance manipulation is at hand. + +Oh... I'm not finished yet. + +https://preview.redd.it/clzwk5qdug081.png?width=614&format=png&auto=webp&s=4f6ddb08640edddabb7ea2df5543b68e50370bec + +[Part 2.2](https://www.reddit.com/r/Superstonk/comments/qx8zby/the_algorithm_the_ouroboros_part_22_exposing_hf/) + +Edit 1: Finished the sentence, "This characteristic has been going on for a while so I give advice to not fall for confirmation bias that any recent events has been causing it unless there is statistical evidence suggesting as such." +These men were willing to risk 5+ years in prison in order to tell this lie. Meaning they would rather rot in prison than risk bankruptcy. + +They put their freedom on the line with the hope that specific wording would protect them. That's a thin wall. + +That's greed on top of the greed that landed them in trouble in the first place. I believe this strongly indicates that there is no depth they wouldn't sink to. + +They are in a position to do great damage to many. And it is frightening to think about what they could turn this already huge event into, should they choose. + +I suspect them of trying to orchestrate a systemic event in order to "take the ship down with them". I believe there is enough evidence and motive to justify forcefully pulling citadel from it's position as MM and to thoroughly audit the company and all of its subsidiaries / partners. + +In the event of a market crash, not having done so will seem like gross negligence on the part of all regulatory authorities. Too much time has already been allotted to them to prepare to gain from a crash which they also have the power and motive to orchestrate. +I've been working for a few years now (I'm 27). It's fine. I like my job, but I don't want to be there 45 hours per week. It seems to me that we spend our best years working/climbing the ladder and accruing (if we're fortunate) an excessive amount of wealth for our retirement. It makes sense to me if I were to work less days over a longer period of time. Basically, plan to never fully retire, but be *semi-retired* for my entire life. + +That would look like: + +**12 months from now** – go down to 4 days per week (3 day weekend!) + +**36 months from now** – go down to 3 days per week (4 day weekend – more time free than working!) + + +At the 36 month mark I should have $100k saved. I invest it in index funds also let some sit in high interest accounts. I imagine only working 3 days a week won't provide enough income for me to save, but it'll definitely be enough for me to live on. + + +My question is: is this viable? Why don't people do this? Is there on the subreddit doing it right now? + + +Here are a few things I've thought of: + +\- Need more money when kids arrive + +\- Need lots of money to retire + +\- Keeping up with the Jones' + +\- Working 5 days a week is 'normal' so we don't think otherwise. Plus more money is a nice idea +Hey, looking for some perspectives on studying medicine later in life. + +The anecdotes on Whirlpool and PagingDr seem very negative but I suspect that may be due to selection bias, which is why I am posting here. + +I'm a 30 year old commercial lawyer with 7 years post admission experience. I no longer enjoy my job and have tried a few different things to shake things up, including going in-house and now consulting for 3-4 month blocks at a time with my own incorporated legal practice. I'm terribly bored of my job and what it involves. I love working with people, listening, and using my hands, which are things I don't get to do much of in my day to day. + +I have the time to study over the next few months for the GAMSAT and apply for medicine. I want to hear some stories of people who have done this later in life. How did you manage financially? Do you regret the career change? How bad was the work life balance when studying and as an intern? + +Also interested in anyone else's perspectives if you have career advice. + +Some useful context for my situation: + +* I have enough savings to help for my first and second year of study at least. That, plus Austudy, should get me through financially. Worst case scenario, I have a campervan I can live in during the semester and parents 2 hours from either of my target universities (UoW and ANU). I have $100k in super so compound interest will do its thing over the next 30 years for my retirement anyway if I'm not adding to it over the next 5 years. No house or mortgage, or other significant assets. +* I burnt out in law a couple of years ago. However, thanks to some great medical professionals and a psychologist, I'm in a very resilient headspace now. I don't want to abuse my body and mental health in my new career. +* I can't see myself staying working as a lawyer long term. The thought used to utterly disgust me but after therapy it now just uninspires me. I will need to make some sort of change in the next few years. +* I grew up outer regionally and hope to work in regional/rural areas along the coast after graduating. +* If medicine turns out to not be for me, the degree itself would actually complement my current areas of legal practice if I were to go back to law. I often work with medical research institutes and universities, and science/medical backgrounds are highly desirable for permanent in house roles in those sectors. +* My earning capacity is probably lower in medicine than in law. Currently on $220k annualised when I'm consulting. This is probably my ceiling though as I'm not prepared to put in the massive effort to go beyond this. +The following will be a list of the many reasons why I hold and am extremely bullish on ETH. This is an updated version of [a post I made 6 months ago by the same title,](https://old.reddit.com/r/ethtrader/comments/jhrqv1/a_detailed_summary_of_every_single_reason_why_i/) so if it sounds familiar, then it probably is. However, there are a lot of new faces here who could learn a lot from the info in this post. + +#This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom. + +#ETH 2.0 + +As most of you will already know, ETH 2.0 launched successfully back in December 2020 and has been running smoothly without a hiccup ever since. To date, it has locked up over 4 million ETH and growing. Since then, the devs have been working on the next phase of ETH 2.0 and have decided to fast-track the merge from Proof of Work to Proof of Stake. This will bring some major benefits including: + +- A 99.9% increase in efficiency, making Ethereum by far the largest environmentally friendly blockchain. +- Greater network security than PoW due to efficiencies with PoW and slashing which can punish dishonest validators/attackers. +- A ~80-90% drop in ETH inflation from around 5%pa to well below 1%pa. This will reduce the current daily sell pressure of $50,000,000/day of new ETH being sold by miners to offset electricity costs to just $5,000,000-$10,000,000/day going to stakers who will sell less due to not having any significant operating expenses to pay off. +- An increase in ETH 2.0 staking rewards from the current 7.5% to [as much as 20% due to miner/validator extractable value and network fees/tips.](nitter.snopyta.org/drakefjustin/status/1384124998084792324) (Note: a 20% roi on staking will not be a permanent thing and will likely drop back down to single digit returns quite fast.) + +This upgrade is currently running in testnet and is slated for as early as October this year or very conservative estimates as Q1 2022. + +ETH 2.0 doesn’t end there though! There are still 2 more main upgrades to come after the merge. One of these is the introduction of shards. shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. At first, it is likely that these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, [increasing Ethereum’s throughput in transactions per second up to 100,000 TPS](nitter.snopyta.org/VitalikButerin/status/1277961594958471168). + +Following this upgrade comes the really big base layer scaling benefits. Each shard will be fully functional chains (or possibly partially functional shards each with specific purposes, this is yet to be determined). With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned. Finally, this will likely also introduce web assembly or “eWASM” which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity. + +#EIP-1559 and ETH scarcity + +As I covered in [a previous post of mine,](https://old.reddit.com/r/ethfinance/comments/izhkvk/minimum_viable_issuance_why_ethereums_lack_of_a/) ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now [would make ETH a deflationary asset!](nitter.snopyta.org/VitalikButerin/status/1291869925863129088) + +Best of all, EIP-1559 is almost certainly going live with the London hard fork on the 14th of July! ETH becoming [ultra sound money](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.imgur.com%2FDyjJE5u.jpg&f=1&nofb=1) is almost imminent! + +#Layer 2 Scaling + +In the mean time while we are waiting for the final phases of ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively testing using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: +- Aztec protocol (L2 scaling + privacy!) +- ZKSync +- Loopring +- Raiden +- Arbitrum Rollups +- xDai +- OMGNetwork +- Polygon (formerly) +- FuelLabs +- Starkware +- Optimism +- Celer Network +- + Many more + +Best of all, since the previous edition of this post, value locked in layer 2s has exploded! + +#DeFi and Composability + +If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution! + +Unsurprisingly, since the last time I shared this post, the total value locked in DeFi has exploded from just over $10 billion to almost $100 billion! + +#NFTs and tokeniation + +NFTs or “Non-Fungible Tokens” - a previously niche form of crypto asset last time I shared this post has now exploded into the mainstream. While many folks are still very hesitant to adopt them or just don’t see the point, this reaction from the masses seems very similar to people seeming very confused as to why anyone would want to stream music if radio already exists when Bill Gates talked about the future of the internet back in the 1990s. Over time, these things simply work their way into the mainstream consciousness and work they way into the back end of products and services we already use. + +So far, it has mostly just been art NFTs which have broken into the mainstream. This is only just scratching the surface of what NFTs and tokenisation have to offer. There are also human readable names for your ETH address (see [ENS names](https://ens.domains/) and [unstoppable domains](https://unstoppabledomains.com/)), breedable virtual collectible creatures like [crypto kitties](https://www.cryptokitties.co/), ownable in game assets like [Gods Unchained cards](https://godsunchained.com/) or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see [RealT](https://realt.co/)), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when [NBA Star Spencer Dinwiddie Tokenized His Own NBA Contract. +](https://news.bitcoin.com/nba-star-spencer-dinwiddie-just-tokenized-his-own-contract/) + +#Institutional Adoption + +Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s [Enterprise Ethereum Alliance](https://entethalliance.org/) (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the [Baseline protocol](https://docs.baseline-protocol.org/) which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises. + +#Institutional Investment + +One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up millions of ETH and an ETH ETF already exists in Canada. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield when staking. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets. + +#The state of global markets + +With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). ~~Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.~~ 6 months on from when I first wrote that and unsurprisingly crypto is at all-time highs. However, so are most asset classes. And best of all, now with ETH staking live, Ethereum now effectively pays a dividend of 7.5% if you stake. This is enormous compared to dividends in traditional finance which these days are often as low as 1-2%. + +While of course we could fall dramatically at any moment in the current macro financial conditions and recent rise of crypto, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its beautiful head in the form of crypto and DeFi. + +#Improvements in user onboarding and abstracting away complexity + +Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like [Argent wallet](https://www.argent.xyz/) or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask. + +#The lack of an obvious #1 ETH killer + +One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. + +Also, undoubtedly you will have heard of Binance Smart Chain by now. The favourite chain of any new investor with pocket money to gamble on shitcoins but not enough to warrant paying $10-$100 for a totally permissionless Uniswap transaction. However, Binance Smart Chain isn’t really an ETH killer. Not only is it basically a copy paste of Ethereum with block sizes adjusted to be incredibly large (and according to the developer who built Geth, the node software which BSC uses, dangerously large to the point he thinks it could break) but BSC is also centralised with just 21 nodes run by operators with close ties to Binance. I’m not bashing on BSC here, credit is due for them finding a niche and dominating it, but it is important to note that BSC is *a lot more centralised than Ethereum.* Hence it is cheaper. Also, I would argue its existence is good for ETH as it has siphoned off users who may have moved to an actually decentralised or semi-decentralised ETH killer. Instead, BSC has taken these users, hampering actual ETH killer adoption while BSC is too centralised to see any institutional adoption which is one of the things which separates ETH from its competition. + +This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects. + +#Network effects + +This is another topic which I made a [previous post on.](https://old.reddit.com/r/ethtrader/comments/guffdj/the_network_effect_is_king_what_i_have_learned/) The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats it in some metrics these days). The network effect is also why most people use Zoom and Facebook messenger/WhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (https://meet.jit.si/ for zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase. + +Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers. + +#Ethereum is the most decentralised and provably neutral smart contract platform + +Ethereum is also arguably the most decentralised and provably neutral smart contract platform. Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999). + +Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a few times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant. + +Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform. + +#ETH distribution is decentralised + +Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u /AdamSC1 in [his analysis of the top 10K ETH addresses](https://medium.com/@adamscochran/the-10k-audit-42c100dd32bb) (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors. + +#The community + +Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests, Vitalik being one of the best examples as he holds less than 0.3% of the total ETH supply, a remarkable small percentage for any founder of a multi-billion dollar company or cryptocurrency (for reference, Jeff Bezos owns about 10% of Amazon and Satoshi owns about 5% of all Bitcoins). Not to mention his many charitable donations, including $1 billion dollars worth of SHIB sent to the Indian COVID relief fund (sure, there isn’t $1 billion worth of liquidity in those SHIB tokens but it’s still a hell of a lot of money). Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of r/Bitcoin to the incredibly helpful and welcoming daily discussion of r/EthFinance who will [happily answer your noob questions without calling you an idiot and telling you to do you own research](https://old.reddit.com/r/ethfinance/comments/jh3zyy/daily_general_discussion_october_24_2020/g9vg1jw/) (there are plenty more examples in any of the daily threads). Or the very helpful folks over at r/EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the mainnet or testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself. + +**Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)** + +#TL;DR: +- **ETH 2.0** - Huge scaling and better tokenomics. ETH is about to be [ultra sound money](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.imgur.com%2FDyjJE5u.jpg&f=1&nofb=1) +- **EIP-1559 and ETH scarcity** - ETH issuance will be super low and will very likely go negative before the end of this year. +- **Layer 2 Scaling** - Literally dozens of different solutions/projects. Many of which are live on mainnet now. ctivity on these networks is also growing very fast! +- **DeFi and Composability** - Money legos and open source code allowing for fast development and unprecedented innovation in the world of finance. +- **NFTs and tokenisation** - Tokenise everything. No, seriously. So much more than just art NFTs. +- **Institutional Adoption** - Ethereum has the most enterprise partners (EEA) + the Baseline protocol is bullish AF. +- **Institutional Investment** - Grayscale investments now owns 2% of ETH supply and Canada ha an ETH ETF. Just wait until companies figure out ETH is a deflationary, dividend paying/stakable, environmentally friendly, more advanced version of Bitcoin. +- **The state of global markets** - Crypto may be at all-time highs now but so is almost every asset class and the system Ethereum wants to replace is looking very broken. +- **Improving UX and abstracting away complexity** - Human readable addresses and smart contract wallets which even your mother could use. +- **The lack of an obvious #1 ETH killer** - No ETH killer clearly sticks out from the rest. This makes it hard for one of them to create a big network effect. +- **Network effects** - Ethereum has by far the largest network effect and as Bitcoin has shown us, the network effect is extremely important. +- **Ethereum is the most decentralised and provably neutral smart contract platform** - Super secure under ETH 2.0, no more tolerance of DAO like forks and a neutral platform for adversaries like the US and China to transact on so that they don’t have to trust each other’s banks. +- **ETH distribution is decentralised** - Years of proof of work have put ETH in the hands of many. ETH supply is more decentralised than Bitcoin. +- **The community** - Super duper mega friendly. Shoutout to r/ETHTrader, r/ETHStaker and r/ETHFinance! +Can anyone who lives in El Salvador explain why? + + I live in Canada and I see nothing but upside for the economy of your country but obviously I know nothing about how it is to live there so I'd like to get an honest unbiased reason why most of the people are unhappy with this decision. + +I'm truly curious and would like to inform myself. + + I feel like this is something that is important to the future of crypto, which is the adoption of it being used world wide and not just north america or Europe. + +Edit.. bunch of people asking where I got this. Here you go + +https://decrypt.co/75613/77-el-salvador-residents-believe-bukele-bitcoin-law-not-wise-move?amp=1 +Thanks to the forum. Got a lot of good advice on short term plays for this week. Decided to YOLO this stock and bought in yesterday at $19. Went long 7,000 stocks. Took 28,000 in profits today after it hit 23.20. +Appreciate all the free and helpful advice on this forum. +Thanks and Happy Thanksgiving from Canada. + I'm thinking about specific items, not just categories, like food. It could be a hobby-or sport-specific thing too. Alternatives could also be things that allow you to produce that item yourself, like expensive bread->bread machine. +"Boeing shareholders sue over 737 MAX crashes, disclosures" - http://www.reuters.com/article/us-ethiopia-airline-boeing-lawsuit/boeing-shareholders-sue-over-737-max-crashes-disclosures-idUSKCN1RL31D + +The lawsuit alleges that material information about the safety of 737 max planes was known by Boeing and not disclosed to investors. Is this just another nail in this specific safety coffin? Or is this what it looks like after the coffin is done being covered with earth, six feet under, and all the major airlines are ready to move on to other suppliers for the next couple of years? + +Also, since when does some dude with 300 shares file for a lawsuit? Good for him. I'm certain vanguard, Schwab, blackrock, and fidelity own 150 times more shares than the random dude who was trying to buy a dip, and therefore have more say in the matter. However.... I feel his pain, and while I don't want to see BA fall for this, a part of me does want to see shareholders rights protected, especially the little guy. +So I just fakin won a lottery!!! + +Just won 100.000NOK(12,000$)🍾🍾🍾 + +Guess its going ALL IN on Gamestop! POWER TO THE FAKIN PLAYERS. + +Holy shit, the last weeks ive been «dreaming» of buying more… Tuesday will be the day, let’s get this fucking rocket going! Love you all guys, have a great weekend! See you all on Monday +Annual update #4 ([first](https://www.reddit.com/r/financialindependence/comments/91j113/15m_invested_25m_goal_30m_30f_w_1_child_liberal/), [second](https://www.reddit.com/r/financialindependence/comments/cnt95s/update_2_175m_invested_25m_goal_31m_31f_w_1_child/), [third](https://www.reddit.com/r/financialindependence/comments/i75vqg/23m_invested_25m_goal_32m_32f_w_1_child_3_years/)). My favorite FIRE posts in the subreddit are those which include raw details and data, i’ll try and deliver. + +Recap: 33 year old couple in the SF Bay area both working at “FAANG” companies in non-engineering roles (ie **Senior Data Science Manage**r for me). My partner and I both earn fairly “Fat” bay area salaries but have more modest spending goals of 75-100k excluding housing when FIRE. My plan was to be able to retire by 35. I am really aiming for .5-2 more years before either fully FIRE or partially FIRE (with relocation). Starting to do analysis into different potential cities. On paper many cities within North Carolina hit the right balance of taxes, weather, politics, schooling (I have a toddler). + +Reflections from the past year: In my very first update /u/BlackCardRogue commented “You won’t quit. The money is too good. You want to lean FIRE when you can fat FIRE working another 7 years? Really?”. Here we are… he might be fucking right and I am just lying to myself saying “just 1 more year”. I think the uncertainty around the pandemic and the increases in housing within my target FIRE locations make this fairly reasonable. The other unexpected bonus coming out of the pandemic is flexibility to work remote for essentially my same salary (more even when factoring in taxes). + +**FIRE Goals:** Raised the bar this year on target spend. Also keeping an eye on amount needed for housing. + +* Targeting $100k annual spend (excluding housing). Conservatively using 33x spend (essentially 3% withdraw rate). See current spending further below. Lots of discretionary spending, SF housing costs, childcare that an flex as needed. +* \~500k Available for a house purchase in MCOL city. Narrowing in on MCOL cities meeting different tax treatment, public school, weather requirements. Raleigh, NC region on paper is hitting a lot of this to give you an idea. +* 4 Years College for my toddler (assuming state-school, 23k per year in today’s dollars). + +**Overall Investment Value as of 8/4**: $3.5M, +52% YoY (prev. 2.3M) + +* 470k from new contributions (I reduced cash savings to increase investments over the past year). Split of contributions was: 8% Aftertax/Roth, 10% Pre-Tax, 82% taxable +* 730k from gains + dividends +* Current Asset Allocation: 60/30/10 (Domestic/International/Bond) 100% in low cost index funds, zero crypto, zero individual stocks, boring Bogle approach. +* Account Split: 57% Taxable (normal broker), 30% Pre-Tax (traditional 401k), 13% Post-Tax (roth) +* This is the majority of my networth. I have an additional 300k split across some vested company stock, emergency fund, future house downpayment (likely would just use a PAL) that I view separate from FIRE funds. + +**Graphs, Charts, More Graphs** [**https://imgur.com/a/zOAICS0**](https://imgur.com/a/zOAICS0) + +* [Overall Investment Trends Broken Out by Contributions & Gains](https://imgur.com/05mIhXQ) (Gains is all investment gains and dividends) +* [Total Investments Stacked by Account Type](https://imgur.com/6v1ne8G) (Helpful to see rapid acceleration of taxable plus you can see when I started contributing to a mega roth after losing access to contribute to a roth for a few years) +* [Days Between 100k Milestones](https://imgur.com/TIbY7Re): I brought this one back and added more details breakdown below +* [Detailed Milestone Breakdown Table](https://imgur.com/5GfRwl9) + +**Overall 2020 Spend:** + +* Overall: $145,200 + * Rent : $64,800 (46%) + * Childcare: $42,600 (30%) + * Food: $13,000 (9%) + * Amazon: $9,900 (7%) + * Furniture & Electronics: $4,100 + * Internet/Cell/Utilities: $3,200 + * Travel & Rideshare: $1,300 + * Monthly Subscriptions: $800 + * Everything Else: $5,500 + +**2021 Income (excludes spouse): $675k** + +I include my full **base** salary history later below (excludes equity and my wife's earnings). Last updates had people wanting to know the equity side. Here is the breakdown for what I expect in 2021: + +* Base Salary: $245k +* Bonus: $60k +* Stock Vests: $370k “The golden handcuffs” + +The equity refreshers clearly add up over the last 7 years. This is where the real upside in the tech world lives. + +**High Level Advice** + +1. Just accept that you have been dealt a good fucking hand in this game called life if you are even in the position to think this is possible. +2. You can’t plan life. If never works how you expect. I could never have planned my career in the way it ended up. Be opportunistic with new opportunities that you didn’t expect arise… but don’t burn too many bridges to get there. (Especially if you work in some of the more incestuous industries like tech). +3. Acknowledge that I am not just one person. Going through the majority of my adult life with a like minded partner has had a huge multiplier. Economies of scale are powerful. Even just needing a 1 bedroom in a HCOL city while you are DINKs can allow for heavy savings in key early years. Trust me I tried finding another couple with a kid to further take advantage of this but it kept attracting a weird swinger vibe. +4. Don’t overthink it. The basics of FIRE are not complicated. Just save as much as you can. As you progress don’t let life inflate too much and keep your savings rates high. Don’t kill yourself here. Live the life you want now. That might be the same one in FIRE (minus the job) or it could be completely different. But it is your life and you only get one of them. + +**Personal Base Salary History** (Later on equity contributes a large portion of my salary but isn’t included here, note: don’t get overly hung up on the exact ages/dates everything is within +/- 1 year but smoothed out to make doxxing a little harder). [My first update includes the full College -> Career Progression](https://www.reddit.com/r/financialindependence/comments/91j113/15m_invested_25m_goal_30m_30f_w_1_child_liberal/). I encourage you to check it out if you want to see the details of how I ended up working at a FAANG as a Data Science Manager. + +My career + +* 2008 New Grad: $37k +* 2009: $44.5k (+20% new job) +* 2009: $48.5k (+9%, performance based raise) +* 2010: $48.5k (No raise this year, switch jobs at the same salary but more room to grow) +* 2011: $60k (+23.7% Performance based raise, it had been >500 days since my last raise) +* 2012: $66k (+10% annual performance raise) +* 2013: $80k (+21.21% Was a raise to get me closer to market salary and an effort for my employer to retain me, went along with a fancy inflated title) +* 2014: $138k (+72.5%, recruited to the bay area as a “data scientist”) +* 2015: $142k (+3%, percentage wise the smallest raise I ever received. Clearly an inflation based raise) +* 2015: $158k (+11%, Promoted during the year) +* 2016: $170k (+7%) Performance +* 2017: $190k (+12%, Performance) +* 2018: $210k (10%, Promotion) +* 2019: $225k (7%) Performance +* 2020: $240k (+6.6%) Performance +* 2021: $245k (2%) Clearly hit the top of the band for my level. It has been 1,270 days since my last promotion… but who is keeping track. + +Again, want more of my life story be sure to read my posts from last two years: + +* Update #1: [$1.5M Invested, $2.5M Goal | 30M & 30F w/ 1 Child, 5 Years to go](https://www.reddit.com/r/financialindependence/comments/91j113/15m_invested_25m_goal_30m_30f_w_1_child_liberal/) +* Update #2: [$1.75M Invested, $2.5M Goal | 31M & 31F w/ 1 Child | 4 Years to go ](https://www.reddit.com/r/financialindependence/comments/cnt95s/update_2_175m_invested_25m_goal_31m_31f_w_1_child/) +* Update #3: [$2.3M Invested, $2.5M Goal | 32M & 32F w/ 1 Child | <3 Years to Go](https://www.reddit.com/r/financialindependence/comments/i75vqg/23m_invested_25m_goal_32m_32f_w_1_child_3_years/) +Bitcoin and Circle just solved my remittance problem. + +I live in Belarus, people. The "Last dictatorship in europe" accoridng to Connaleeza Rice. + +I receive my salary here, in a local bank account tied to a debit card in USD. One of my big problems is transferring my salary back to my US account with minimal fees so that I can make payments on student loans and such. + + +With Circle, I can now send any amount of money to my coinbase account to be withdrawn to my local bank account with neglible transaction fees. I just sent myself $20 from Belarus to America in about two seconds...I'm really freaking out. This is a game changer, folks. I don't care if Bitcoin's value drops to $.10, it's now the only way I'm going to be transferring money. + +DO YOU PEOPLE REALIZE WHAT THIS MEANS? I'm literally jittery right now. Western Union is dead. + + +Edit: And so is paypal. + +Edit: + +* I used a Belarusian debit card to add the money. +* I only tested 20 USD so far, will do more on next payday. +* Thanks for Godling (twice), +* Огромное спасибо /u/Psiloshibe за бит-чаевые! + + + +After doing some research, I wanted to take a stab at the wheel strategy. Decided on NIO as, like many, I see a lot of potential in the company and the EV space as a whole. Started back in October selling the weekly 25 or 30 delta put at the beginning of the week, or sometimes the previous Friday if I was nicely OTM just to get a little extra theta. Obviously I got assigned this week and will now switch to Selling CC’s. My cost basis is at about $40 bucks a share now, so I’m still profitable and looking to keep reducing it. I guess I’m just looking for validation if I am doing this correctly? Even being a meme stock, I think there’s great potential between Biden pushing the EV space and the possibility of global market expansion. Thanks. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Eleven years ago, I was so green trading options. I made every mistake in the book. But the biggest mistake I made was leaving open positions while on a cruise, without having stops in place. There was a tsunami off the coast of Japan. Before I could get in front of a computer, the damage was done. Stocks sank like a rock. It took a while to recoup. +Hello all, +I recently stumbled across a 5 unit multifamily (a duplex and a triplex on the same parcel) and I'm trying to figure out how I can get financing for it. + +I can pay 20-25% down (maybe 30% but that would be pushing it) but the house is only listed for $150k. It seems like most lenders want bigger loans and I can't find much in this range. + +Any ideas? + +Thanks! +I'm looking at a rental property that just hit the market in my area. Listed at 1.2 million, with 4 units. Total income for the units has been historically 92k a year. + + +* Unit 1 - 1900 +* Unit 2 - 1650 (I believe this unit is either available currently or is becoming available soon and would probably be the unit we'd move into if we lived here since it is the largest unit) +* Unit 3 - 1941 (this is an airbnb unit requiring more work and if we did a lease on this unit it would be MUCH lower since it's only like 500sqft) +* Unit 4 - 2100 + +Historic utilities+maintenance+taxes have been 14250/yr. + + +Mortgage cost after downpayment = 4900-5300 depending on interest rate. We were preapproved at one rate but believe we could get lower. + + +So I'm trying to figure out if this is a good deal. This would be a first home purchase for my fiancé and I and since we're in a HCOL area I thought maybe it makes more sense to maintain our lifestyle (currently living in a small apartment) but use our high incomes to get a rental that could potentially become cashflow positive if we ever moved out. Assuming we lived in either unit 3 or unit 2 we'd be spending money to live there, BUT since we can comfortably afford to put up to about 4500 a month in the mortgage we could theoretically pay of the home in as little as 11-12 years and then have 1.2million in assets at that time. + + +In my eyes it seems like it could be a good investment, we'd have to live frugally but could pay it off completely soon enough and then in the future move out and rent the units for profit. Opinions/advice? +I’m thinking: +1. Job growth / Unemployment +2. Age of people moving in/out +3. Climate + +What else should I add when comparing cities to see which one to choose from? +Hey guys, I will be separating from the military [dont thank me, just reference to my situation] and im looking to get into realestate as an investment. Looking for some good reading material, and ill probably be in the market for a property late this year or early next. +With rising rates I’m paying my two properties down at about half the rate, my payments have gone up and a higher percentage of the payments is only going towards higher interest payment. + +Part of me is saying just ride this out as the interest is a tax deduction and the other half of me wants to put more cash towards the principal rather than other forms of savings. + +Thoughts? +I've been wanting to invest in real estate but I definitively don't have the money for a down payment to begin renting out a property yet. What I have is $5,000 right now and was wondering how I can make that money work for me now in real estate? How far can that take me? + +Or should I save up for a rental property instead? My worry is how long that might take. + + +Edit: Thank you guys so much for all the input. So I think at this point $5k is still kind of low to make any meaningful investment in RE that will make an impact in my life. I feel like I should save more while educating myself. + +Do you guys have any suggestions on where I can park that $5k + future savings moving forward until one day (hopefully not too long into the future) I can withdraw the money and use it as a down payment towards property? A savings account perhaps? +Think of this, THE FLOAT IS LOCKED BY DRS SO THEY ARE TRYING TO GET PEOPLE TO SELL BY SHORTING THIS HARD, THEY NEED OUR SHARES, THEY ARE DESPERATE. + +DRS IS THE WAY AND IS CLEARLY WORKING. They need our shares, our shares we hold + +Buy, lock that shit up, hold + +ALLY AND APEX NO LONGER SUPPORTING DRS + +THIS IS THE ENDGAME + +🚀🚀🚀🚀🚀🚀🚀 + +HOLD MY APES + + +HOLD + +Not financial advice obviously +Hi guys. So recently I've been looking into dividend stocks/snowball effect and I'm really interested in investing a diversified portfolio of them for my individual brokerage. I do have a maxed-out Roth IRA at $16,000 and a fully-matched 401k at $700 as well, the former of which is dedicated to growth stocks and the latter tracking the S&P500. ATM I have about $45,000 invested in Union Pacific and $22,500 in fluid cash I can use to invest in whatever I want. I've done a little research on what stocks to invest the money in and I wanted to hear your thoughts on it before I pull the trigger: + +ABBV- AbbVie Incorporated 10 Shares @ $107.74 per + +DTE- DTE Energy Company 10 Shares @ $117.72 per + +FRT- Federal Reality Investment Trust 11 Shares @ $101.17 per + +JNJ- Johnson & Johnson 7 Shares @ $158.46 per + +KMB- Kimberly Clark Corporation 10 Shares @ $128.33 per + +KO- The Coca-Cola Company 30 Shares @ $48.99 per + +KR- Kroger Company 35 Shares @ $32.21 per + +LMT- Lockheed Martin Company 10 Shares @ $330.25 per + +MCD- McDonalds Corporation 6 Shares @ $206.14 per + +MMM- 3M Company 7 Shares @ $175.06 per + +MO- Altria Group Incorporated 25 Shares @ $43.60 per + +PEP- PepsiCo Incorporated 12 Shares @ $129.19 per + +PG- Procter & Gamble 10 Shares @ $123.53 per + +RDS/B- Royal Dutch Shell 30 Shares @ $38.88 per + +T- AT&T Incorporated 40 Shares @ $27.89 per + +XOM- Exxon Mobil Corporation 20 Shares @ $54.37 per + +Most of those stocks have pretty good dividend payouts, and I plan on reinvesting dividends and investing as much as I can into those stocks out of pocket after I max out my Roth IRA every year. Do they seem like reasonable first buys for a long term dividend strategy? + + +One thing to take in consideration when getting into the stock market, is knowing when to sell and when to buy. Don’t be too greedy, do not waste the chance of selling a stock that has risen to a solid price just because you think it could go higher. What you can do instead is have a clear plan and target price based on your due diligence. If you’re expecting more growth than anticipated, don't get greedy, take your profit and let your initial investment ride. + +Moreover when buying, never use anything other than your “play money” to trade with, especially when you’re just starting out. No job paycheck money, rent money, none of the essential day-to-day needs. Have a certain amount on the side you can trade with that won’t affect the livelihood of yourself or your family if it disappears. +Hi Everyone - long time lurker, posting on throwaway. I am expecting a sizable inheritance anywhere from $3M-$6M (I am unsure as to the exact #, I just know that it is at least a couple million). For context, my grandma has about \~$6M-$8M she is going to pass down, with the "majority" going to me. The original plan was to dice up the inheritance cleanly amongst the living relatives (which there are not a lot of), but since I am the only one that keeps up with my Grandma, I will be receiving the vast majority of it (with some of my family not receiving any, including my father). This has been updated in her will and she has consulted with her financial advisor as well as attorney (my mother has confirmed this as well, who is her primary caretaker). + +For some info on me, I am 28 living in NYC as a sales manager at a Fintech company. Up until about 4 months ago, I had no idea of this and wasn't expecting anything. I am naturally a very frugal person, being the son of an immigrant mother. I have used the last 3ish years educating myself on personal finance and feel that I have nearly plateaued with the basics (have read many self help/finance books such as the intelligent investor, random walk down wall st, wisdom of finance, how finance works, etc). I would say I am generally a more risk-averse person. + +Career wise, I have always kind of gone with the wind; I've never really pursued anything specific and have fallen into each role that I've worked in. I personally love my job, I'm managing two people and we are growing out a sales process to acquire more B2B partnerships. I feel that I'm in a great position at my job/experience level, as I've been fortunate enough to be promoted within due to recent turnover. I feel that based on my age I am getting incredible sales and business experience (for about 12 months I was reporting to the CEO of a company with 150+ employees). As I have been working in this quarantine, I have noticed that what really motivates me is interacting with people and building relationships. + +Now onto the real questions: if you were a 28 year old, who just found out that they were to receive a sizable inheritance, how would this change your mentalities about life and what would you do differently? Also keep in mind that while my end goal is to eventually work for myself, I enjoy my job and the experience I'm gaining. I don't think I will be in the fintech space forever though. Some questions below and thank you so much for taking the time to read: + +&#x200B; + +1. Business Opportunity: I know I eventually want to work for myself and this $ can help me reach that goal faster. I've always been keenly interested in learning about real estate, and think this is a great opportunity to build passive income and have the ability to start your own business and pass those assets down to family (also great tax benefits). Do you have any recommendations on how to get started with thinking about this, or maybe share your experience on how you get started on the business you are in and what that has been like? +2. Changing Mentalities: are there ways to avoid lifestyle creep once I inherit this money? I think I'm in a good position being in my late 20s and not already living a lavish lifestyle (live with GF in cheap apartment on the edge of chinatown, don't go clubbing or buy expensive material things, only spend money on experiences like travel). Do you have any recommendations on how to manage your mentality? I have noticed that I worry about money a lot more now, even though I am going to receive enough money to be set as long as I don't screw it up. I guess the old adage is true: mo money mo problems? +3. Avoid talking to people about the money: I have already made the mistake of telling my GF about the potential inheritance (thought she was the one but honestly not sure if we are going to last forever, but that is a separate issue). I imagine everyone is going to recommend not sharing this information with anyone, whether they are friends or family (especially since some of my family may be expecting part of the inheritance and not receive any of it). What are your thoughts on juggling this especially with family? My thoughts are it will be impossible to hide some of it, but since I moved to NYC a couple years ago, I could always pretend "I made it big in my first few years of living in NYC" and my initial money came from that. +4. Any books/education you recommend?: I have been reading a ton of self help books to help me better understand myself and my goals (principles by Ray Dalio was a great read for this). Whether this information is regarding real estate, professional development, or anything related to this subject that you think could apply, would be greatly appreciated. +5. If you received this inheritance, would you take any time off to travel/pursue additional education? obviously this is up to me if I want to pursue additional education, however I believe that if I receive this inheritance, I will still continue to pursue my goals with a 9-5 job, and work towards my goal of starting a company on the side (to avoid lifestyle creep as well as boredom). What are your thoughts on this? +6. Anything else I'm missing? If you could re-do life with the knowledge you have now, but with a couple million in your late 20s, what would you have done differently or what advice would you recommend passing along? + +&#x200B; + +tldr: 28 year old sales manager with fatFIRE dreams expecting a $3M-5M inheritance in the foreseeable future. Any tips on how to mentally prepare for an expected couple million $ inheritance? + +&#x200B; + +Edit: Thanks so much for the responses! Completely agree that it's best to not count your chickens before you hatch and just keep living life. A side note that I forgot to include in the original post: This information been updated in her will and she has consulted with her financial advisor as well as attorney (my mother has confirmed this as well, who is her primary caretaker). If you have any feedback on soul searching in the meantime, would love any feedback!! +I'm a casual lurker of this sub, and please tell me I'm wrong, but it seems that there [might] be some real talent here but the general vibe I get from this sub is "don't trust signals and learn your own fucking strategy", which is generally followed by nothing of value. + +So I guess my question is - why won't you share your strategy? Do you think the quants will steal it and beat you to your entry/exit? If not, why? +I'm at the point where I'm starting to really see the pros and cons of sticking to 1-2 pairs. + +What are YOUR own thoughts on sticking to one pair or multiple pairs? + +What is that 1 pair you always trade and why? + +____________________________________________ +I have a mentor who is trading on pretty much any pair and comes up with nice, nice profits. + +On the other end, I got a friend who KILLS EURUSD & ONLY trades EURUSD. He does not care about anything else. + +Both making pretty much the same. + +Personally, I've been really wanting to focus on USDCAD & GOLD (index), but feel like I might be cutting myself short. + +All I can hear in my head is "A jack of all trades, but a master of none." +I've been trying for weeks to create a trading plan, I've been backtesting and it worked really well. But now in the live markets, I was on a losing streak with my plan. Nothing worked out, I never took good trades because maybe one of my criteria wasn't there. So I just started trading without it. + +I'm just using my intuition and risk management. And I've already made more today than my trading plan has made in a week. I just wanted to know if it's possible to continue like that? Because I don't know how profitable this intuition thing will be in the future. But I just feel like having a trading plan doesn't work for me. Maybe I haven't backtested enough/the right way? I'm just very new to trading, started 6 months ago without any experience on how to actually backtest, for how long, how to create a good plan, etc. So I'm just doing it on my own kind of and hoping for the best. +I'm really new to forex and am just a junior in college so forgive me if this question is indirect, but do most traders consider the actual implications of news(Jobs reports, oil supply, housing) or do they just trade the news/reports in comparison into what analysts estimate the reports to be? Ex ( 5% vs 4%) + + +For example, US had a strong jobs report last week so the USD should have appreciated, but lets say the jobs report was extremely good and the level of US unemployment lowered to 2%. + + A look at the theory behind the philips curve would tell us that if actual unemployment is lower than expected unemployment(5-4%)that inflation should increase and thus devalue the dollar in the long term. Do traders consider factors like this or do most just ride the wave. +Wondering how many of you were here for the two attempts at flippening we had since the beginning? + +Are we going to have one soon? Is this the start of the flippening? Will we finally flippen and take no.1 marketcap coin in the space? + +Start your advertising of Built on Ethereum! Name all the companies who say “blockchain” and create articles mentioning that they are built on Ethereum. Market for those companies and say they are built on Ethereum not just blockchain! Let’s go boys and gals! +Hey everybody, I am 18 years old an saved up a reasonable amount of money. I am thinking about saving/investing it somewhere so I can (hopefully) retire early. + +I did some research and came to the conclusion compound intrest could be a cool solution because I’m still quite young. + +I know every EU country has different laws for retirement. I’m from the Netherlands for the people whom are willing to enlighten me with their useful advice. + +P.S. real estate isn’t an option yet, I don’t have those massive kind of funds. + +Thanks! +I assume that my pension is being invested in the same areas by actual professionals whereas if I invest on my own I'll probably lose it/not keep on top of it or have to pay taxes on it? + +I feel like the smarter option is to stay away from Degiro and just max out my occupational pension plan instead? + +Im feeling like, given my situation, Degiro would be more of a hobby, rather than a long term investment plan. +I've been recently scooping info for mortgage loans and tl;dr, everybody is offering me 1.9 - 2.5% at local banks. I've heard from friends and read elsewhere that in some EU countries, interest is basically 0% for mortgage loans. How realistic is it to get a loan in another EU country to buy property not in said EU country ? Legally, I see no reasons why this wouldn't work, but practically, I doubt it's viable. + + +Anybody with knowledge that could chip in ? I'm in the Eurozone if it's relevant. +I owned x number of Tesla shares last year and after the stock split around September, I now own 5x of those shares. DEGIRO’s annual report shows the transaction as if I sold all my x shares and then bought 5x for the same price. + +The ‘sale’ is now showing their ‘realized’ gains from these x shares. + +1) I’m fairly certain that I won’t have to pay any tax on these ‘gains’ but does anyone have experience how to navigate this situation when filing taxes? + +2) Does anyone also have experience declaring their capital gains for taxes through shares in Germany? I’m using DEGIRO NL platform and they don’t deduct any taxes at source. + +3) If you have experience with a good and affordable Steuerberater in Berlin, please do share their contact in a private message. +Hi, I am considering to buy a house in the Netherlands(also my tax residency) in next two years . I am putting aside money for the down payment and other initial costs till then. + +The total savings (for the house) will be around €10k. Putting that money in bank will be the safest option but wont be an ideal investment. My bank offers 0.02% interest with €2.5 monthly service cost. + + +I would like to know about low risk investment options. What is your preferred short term investment plan? +I have an account with Interactive Brokers through an intermediary broker (the latter is needed as my account is in a tax wrapper which is not directly supported by IB). + +The intermediary broker has made it impossible to trade in non-UCITs ETFs like TQQQ. + +I heard that this restriction can be circumvented by using options or futures. Has anyone done this? If yes, can you share your experience and explain the potential issues? + +P.S. I am aware that there are European "equivalents" to TQQQ but I don't want to use them. +I'm a young entrepreneur living in Europe. I want to know what country is the best to start a business. I know some of them to have a lot of bureaucracy so I want to avoid this. It's an agriculture-related business so I think it's needed at this point in the economic market. What do you recommend? + +&#x200B; + +Apologies if this is not the correct subreddit for this. +According to SEC data over 5 million shares of GME failed to deliver. I looked through the data myself and anyone else can double check me. What does this mean? Is there an overselling of GME stock, naked shorts? Just looking for some possible answers, also almost all the incidences of failures were over half a million in shares not delivered. + +Edit: it is 600k not 5 million misread the data still seems high +I’m interested in some estate planning issues and hoping this group can help. + +Grandparents are doing estate planning and have farmland managed by a farm manager, a primary residence, cash holdings and IRAs. They need enough for retirement and have no health issues currently. Of primary interest is passing along assets to children and minor grandchildren. Some preference towards keeping the farm and have that be income producing for many years after passing. + +Parents are responsible, high income and in primary earning years, on fat path. Grandchildren are all minors and have 529 plans. + +What are some things to think about when doing estate planning? Are there tax advantages or consequences to pass IRAs or other assets to minor grandchildren versus children? Grandparents are open to gifting some money to 529 plans while living if that’s a better option. And grandparents are considering trusts if that makes the most sense. Any advice for key questions to ask or considerations are appreciated. +"Our rise is just, theirs isn't". + +It's a sentiment that sounds absurd, but many of us believe to be true. + +If it is, then we have to wonder what these massive pop-signals mean for ETH: + +#5, Bitcoin Gold, 6B Cap.: A joke gone right for the pre-mining devs. +#11, Eth Classic, 2.5B Cap., $26: Poloniex-created pump and dump / dead ETH chain from 3 forks ago with no dapps +#13, EOS, 1.3B Cap, Zero Product from a Cayman owned shell company with a year long ICO. +Bitconnect (Ponzi Scam) in the top 30 while real projects like Request (not invested, but we can all read the potential) sit in the 100+ section. + +A LOT of money needs to either come out of this market, or be redistributed. The market needs to mature, and that hasn't happened organically yet in this field where one token keeps it value while the rest of the market collapses. + +It's been more like the rusty ol' Bitcoin Core chain sinks all ships before we move to recover. + +So ETH heads, what does their bust look like and how does it not sink our ship? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +In 2019 I posted on here about my struggles with FIRE and you guys gave me a combination of tough-love and chastisement which I definitely deserved. At the time I was making around 185k/salary but only saving 1.2k a month, had 60k in debt, about 200k in total retirement (age 37). My spending was bogus (8k/mo) and I was mostly staying afloat due to the very high salary. + +That post helped me realize what I already kind of suspected... that we were spending way too much, putting away too little, and squandering the advantage of having a large income. + +I did a complete 180 and got my fiancé, now wife, onboard with spending smartly. Then the pandemic came along and forced us to break our massive eating out habit while also trimming back our equally large travel budget. + +Fast forward to today and we've grown our retirement from 200k to 520k and emergency funds from 10k to 133k and paid off our loan and cars. Along the way, we also picked up a second home for 600k which we renovated, and which boosted our total net worth to 650k (the appreciation has been a little over 100k). It's a game of catchup but we're going in the right direction now. + +Something about charting and tracking this information every month (sometimes more often) has led to a change in both me and my wife's view of FIRE. She wants FIRE at 45 so she's taking on work and we're both growing a side-business that can potentially get us there. Our mindset has changed from "we must have the best of X every time" to "what's the benefit of X? does it help us FIRE? is it worth more than a future spent casually traveling the globe?". Every purchase now feels like stealing from the future if we can't justify it in terms of investment/returns. + +Ironically, over the last few years I've had a lower income than my peak (250k) but I went from contributing 1% of my income to contributing as much as 60% to FIRE in between pre/post-tax and brokerage funds, so there's been a pretty rapid catch up. + +I just wanted to thank the sub because without it, I might still be living effectively "check to check" and there's no excuse for that. +Not only did I max my two tax advantaged savings accounts, but I also bolstered my emergency fund as well. I could get fired tomorrow and be fine for about a year. + +I know its not as aggressive of savings as a lot of you, but for me it was a huge step. I'm not really sure what my goal is for this year, but I think its going to be maxing out both, and adding 10k in vanguard funds (probably VYM). + +Oh and one of the great things I did was get my company to take a hard look at our 401k, and realize we were paying too much in fees, and got them to change. We changed to something that offered Vanguard funds, something our previous plan did not. + +What were some of yall's financial resolutions last year? Did you complete them or fall short? Anything planned for this year? +Those kind of things got me attracted to Bitcoin, Bitcoin that was made as a protest to these criminal bankers, not wether btc should be 1mb, 2mb or 8mb. Seems people forgot about it. I miss those days man and got tired of these scaling topics. Lets focus more on why Bitcoin was made in the first place. +Hello everyone, i just need advise please. + +Ive been on a salary for almost 1 year now and ive been really shy about how much i earn. + +Im working as a hotel receptionist and before i was on hourly at $21.92 + penalties and working part time at telstra. But telstra wanted me back full time and offered like operations something. (I forgot) anyway it was just on 49k+ commissions and super. Told my manager that telstra was offering a different position and she counter offered it with $58,500 + super. In the end im with the hotel receptionist job but im now also an admin and event coordinator. + +Recently ive been doing 10hrs shifts and then exceeding more than 40hrs a week. This is also my 9th day working and tomorrow my 10th. Im the only full time. + +Its just hard this month since most casual are back in their full time jobs which is 9-5 so i had to do the 7-5 time. Manager is away too but will be back next week. + +Is this normal on salary? My partner is shocked i dont get paid overtime. I thought thats how its usually is when youre on salary? + +There’s already three people who commented that there must be wrong with my contract. And now im worried i got myself a bad deal. + +Also side question: +What kind of career progression can I do? +Ive studied and worked in hospitality(receptionist, chef, waitressing, bartender) but i have also experience with sales. + +Sometimes i just dont see how i can break the three digits salary with the current position im in. Im honestly hungry for knowledge and atm i feel im getting comfortable with my role and i dont feel challenged. (Hence took a second job in retail since i thought i could learn about merchandising and expanding my skills with sales) + +I just feel im hitting a block and i want to break it and move forward. Basically i just want to excel and i dont know on which path to take. + +Im sorry if this is not the right sub to post. Thought this is also finance related. + +—- + +TDLR: +Is 58500/year okay for a full time hotel receptionist/admin/events co-ordinator. That will sometimes (rately) do Waitressing, barstaff when they need to. + +—— + +Ive also just learned a new staff, who has no background with Reception/hospitality got 55,000 p.a + +While i have a bachelors (overseas), diploma of hospitality and around 2-3 years experience receptionist and i get 58,500 p.a 🥲 +Back in the middle of January I made a one-time transaction of $2.99 using the dating app known as Bumble. + +Since then there have been daily recurring charges from them for the same amount (I have not initiated or approved any of these subsequent charges). + +Checking my bank statement I count a grand total of 35 of these charges. I made the initial charge on Jan. 18th and the merchant reversed 2 of these charges with the dates showing 'Jan 19th'. + +This brings the total of excess charges to 32 in the amount of $95.68. This may not seem like much money but its pretty significant to me, especially since I feel like I've been robbed. + +I have brought this to the attention of Chase. They informed me they cannot approve this as fraud because they claim the charges aren't truly 'recurring' since there is only 1 per day. + +They recommended me to remove my payment information from the Bumble app (which I had already done) however these charges are still occurring. + +What action can I take to end this theft and possibly retrieve these stolen funds? + +I greatly appreciate any help and advice given by this community, thank you all very much~~~ + +Whoever made that video or decision to post deserves to be fired. The thought process behind that is out of this world in their thinking, if not blatantly spotlighting government corruption. + + +The whole entire market is a meme stock, to label small-mid cap stocks as meme stocks is manipulation in itself through fomentation. If the SEC did any research, they would know that most of the “meme stocks” were pump and dump via Silicon Valley algorithms and hedge funds to regain liquidity from their short position losses and risky bets. It was also a distraction from the two stocks that “had a systematic risk” to our financial system. To the Fucking Moon. + +You wanna talk about fundamentals and do research? This market does not trade on research and fundamentals. I’m am aware of very profitable companies, that are held ETFs combined with multiple “meme stocks.” It’s all a Fugazi. I’m not mentioning these companies because this is not a DD or trade. It’s not the point of this message. + +How many times has the SEC failed to report accurate and timely reports? “Do research” is what that video said. How about you continue to provide accurate dark pool information so that retail can invest and actually make decisions based upon real trades AND “fundamentals”? Fundamentals according to who? The analyst who get paid by hedge funds to place a price target in the direction they want to stock to go because there’s too many calls in the money above that number? + +If you’re understaffed let me know I’d be happy to help, but understand that I live by doing the right thing so I might not be up to your qualifications. + +The SEC should make a formal apology on live television because the stock market as we know it will eventually cease to exist due to the fact that the investors you are antagonizing are the ones that are going to be taking care of your generation when you need help changing your diapers. We decide how this goes in the end. + +I hope you have some inside information because your 401(k)s and pension plans are going to be in the garbage while my “meme stocks” are only a mile away from Uranus. + +Sincerely, +Dumb money investor + +Edit: typo + +Edit: YouTube Ivestomania Meme Stocks. They turned off comments + +Edit: Worst part is, your tax money paid for that content. +Just look at it, a user posts his trading strategy and how he likes to play the stock market and all you guys do is bombard him in downvotes and tell him to invest in a mutual fund instead. Is that a joke? Just because you invest your money in a mutual fund or ETF and have absolutely no trading strategy what so ever does not mean you need to downplay his strategy and call him stupid for managing money differently. + +Every other post on here is some news article from some big shot website that is designed to make money on over sensationalized titles and articles. This place is an absolute joke to be completely honest. + + +edit: wow this is crazy, this post got more attention than I thought. I am talking with a few other members about starting up a better community for trading which involves more strategies and discussion. Let me know if you are interested. + +edit2: wow #1 post on /r/stockmarket all time +Just look at it, a user posts his trading strategy and how he likes to play the stock market and all you guys do is bombard him in downvotes and tell him to invest in a mutual fund instead. Is that a joke? Just because you invest your money in a mutual fund or ETF and have absolutely no trading strategy what so ever does not mean you need to downplay his strategy and call him stupid for managing money differently. + +Every other post on here is some news article from some big shot website that is designed to make money on over sensationalized titles and articles. This place is an absolute joke to be completely honest. + + +edit: wow this is crazy, this post got more attention than I thought. I am talking with a few other members about starting up a better community for trading which involves more strategies and discussion. Let me know if you are interested. + +edit2: wow #1 post on /r/stockmarket all time +Is this a good idea? + +Like if say I bought a 100 shares of XOM (not that I have) and then sold a Jan2023 LEAP. So I would get the money from the LEAP and collect the dividends. + +If you made it deep ITM you would get the money from that to be able to reinvest in something and still collect dividends. + +Any advice or input is appreciated. +If I am up on a security, and I sell covered calls with a strike price above my average cost basis, even if they execute the call and I sell my shares, I TECHNICALLY (taxes and transactions not included) am guaranteed to make money right? What are the flaws in what I am saying. +So I have been wheeling for a little less than a year and it’s been going okay so far. The biggest comfort I find with this strategy is that you end up owning the underlying, so it’s not a complete write off/loss should the stock price spikes/tanks. + +I am hoping to graduate to Credit spreads and am not able to get beyond the mental wall of taking a loss when the stock goes past both strikes. While the return on capital is high, buying power usage is low and probability of profit is good, but the single fact that I would be booking a loss when the market crashes or the stock nose dives/spikes is kinda unsettling. + +Is there a different way to think about this to get past this mental block? +I've been paying taxes my entire adult life. Why the fuck should I be afraid to see Uncle Sam dip his hands in my pot again? + +The way I see it the only ones who truly are afraid and see taxes as an unacceptable loss are the ones who haven't had to watch large differences come out of their paycheck their living off of week by week. + +Fuck the FUD, you can't scare me when we don't fear the same things. +As some of you may have heard we have discovered short sellers hiding their shorts by OFF EXCHANGE TRADING or better known as OVER THE COUNTER (OTC) TRADING. OTC trading allows smaller companies who may not meet the requirements to be listed on an exchange to still be able to trade shares of their company. In addition to that trades happen directly between two parties without the supervision or regulation of an exchange. Larger companies that are already listed on an exchange have been known to Over The Counter Trade due to there being no regulation and no supervision on OTC Trading. + +FINRA, a private regulator contracted by the government to regulate certain aspects of the market keeps track of OTC trade data. Though FINRA is considered a regulator they don't really do any regulating, it seems all they do is help track data. Each day they publish data on short selling volume for On Exchange Trading as well as Off Exchange Trading (OTC). They also track what is called Short Exempt Volume. What is Short Exempt? + +Short Exempt simply allows shorters to short a stock on the down-tick despite SSR being in place, rendering SSR useless. What allows them to do this? Who knows, there are certain circumstances that are very vague as to why a short seller can be Short Exempt. It just seems those circumstances don't actually matter and are so vague that no one can actually regulate it. + +With that said, they have been shorting AMC by the millions by OFF THE EXCHANGE TRADING. Not just by way of short exempt but also regular shorting as well. In addition to that short exempt trading is happening on the exchange too. Yes that's correct, it seems like SSR is a crock of shit as we all have expected. + +&#x200B; + +So look at it like this...... + +&#x200B; + +We are getting shorted on the exchange. We are getting shorted off the exchange. We are getting shorted by short exempt on the exchange. We are getting shorted by short exempt off the exchange. I still believe they are doing this OTC Trading for more than just an extra way to short AMC and avoid the SSR rule. Although those are huge I think there is more to it. + +So lets take a look at some numbers from FINRA data to see what we have been missing..... I'm also more focused on Short Exempt shares because these are the shares that are not included in any data you are seeing on these finance website & the ones they are trying to hide. + +Below is last months total volume of OFF THE EXCHANGE shorting of just 1 TRF (Trade Reporting Facility), and there are multiple TRF's. Notice the Short Exempt Number; 11,551,305.. Those are shares that have shorted avoiding SSR as well as shares that until finding this data is not reported on a website like, say, fintel. 11.5 Million Short Exempt shares we were not counting. That was just last month. We are approaching 30+ million shares they have hidden and we have unaccounted for in our typical "fintel" type data readings to date. + +&#x200B; + +[ Monthly OTC short selling data](https://preview.redd.it/gdh9mo5exzo61.jpg?width=2048&format=pjpg&auto=webp&s=f0abc947638831b671c137d4ed75c927c860dd57) + +[https://www.finra.org/filing-reporting/trf/trf-regulation-sho-2021](https://www.finra.org/filing-reporting/trf/trf-regulation-sho-2021) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +All of these documents are public and I want you guys to explore them on your own. Lets take a look at yesterday short sell volume. AMC was on SSR, but that didn't matter because they were short exempt. + +**Here is the data from 3/23** + +OFF THE EXCHANGE SHORT VOLUME + +Short exempt: 901,579 + +Short: 10,149,821 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +ON THE EXCHANGE SHORT VOLUME + +Short exempt: 228,009 + +Short: 4,112,999 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Consolidated (Total) + +Short exempt: 1,129,588 + +Short:14,369,526 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The day prior (Monday) we had 1,324,424 Short Exempt shares shorting AMC. We have been having an average of 1.5 million a day (7.5Mil a week) shares that we have not been accounted for in short volume. Everyone has been wondering if, and how they have been shorting during SSR. Yes they have still been shorting on downticks during SSR, this is how they have been doing it and here are the shares they have been using to do it. + +PLEASE TAKE A LOOK FOR YOURSELF. I myself am only sharing what is available to you. I do not claim to no it all or anything at all. I just ran across something doing my own personal DD and instead of just keeping it to myself I felt it my duty to share it with you all. If you're like me any data that can build my confidence that this is not a dead cat I'll gladly accept. I have not even fully grasped all this info nor do I fully understand it all. I spent all day and all last night reading and going through data just to gain a basic level of understanding of what is going on behind the scenes. I'm getting this convo starting and helping get any info that's helpful out there, you take a look at it yourself do with it as you see fit. HERE IS THE LINK TO THE DAILY DATA: [http://regsho.finra.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) + +At this point my interpretation of this is desperation. They are scraping for short shares from anywhere they can. Much like a high school kid getting his ass whooped they have their eyes closed, head down, and are just swinging at the air. Trading OTC & Short Exempt is a move most were not aware of but I think there is more to it. There is more at play here for them, to be listed on NYSE but to be shorting AMC Off The Exchange with 0, zero regulation. I have yet to figured it out, and someone else may be able to figure it out, but there is more to why they are OTC Trading millions of shares each week. + +They are more shorted than we thought by about at least 7 million additional shares a week. They have been piling up to 30+ million shares short they have hidden and we have unaccounted for. A squeeze is inevitable, but only if we continue to buy and hold. With everything I've seen AMC is the #1 squeezable stock right now, but a stock dont squeeze itself. Gotta keep buying and holding. + +No one is going to regulate them. The sec is not going to stand up for us, the dtcc is not going to do their job, congress won’t help. So we must stand up for ourselves. This is how we protest, this is our occupy movement. We buy, we hold, and we aren’t fucking leaving! + +Ape strong together 🤙🏾 + +\[Don't be a troll, no one likes those. If you see any errors or find something in the documents I missed just DM ya boy!\] +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Apr 22 2020): **145.4** + +* All-time high (May 07 2022): **176.66** + +* Current value (Aug 25 2022): **169.61** + +---- + +→ Change from 2020 peak to now: **+16.7%** + +→ Change from all-time high to now: **-4.0%** + +→ Change from now for prediction to be correct: +**-57.1%** + +---- + +⇒ Average monthly change since 2020 peak: **+0.5%** + +⇒ Average monthly change since all-time high: +**-1.1%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.1%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +EDIT: thank you all so much for the helpful advice! I've decided that my mental health is more important and if I study hard I know I can land a good job that will allow me to pay the loans back. I'm going to see the financial advisor on campus soon to find the best loans for my situation. + +I don't want to go very deep into the situation at home but what matters is that my father is very emotionally abusive and controlling, and his crazy rules are really starting to affect my college education. + +Some information about me: + +- I live in Florida. + +- I'm currently on my third year of public college getting a bachelors in Computer Science and a minor in Translation. + +- I have only been living in the US for 4 years and I've been a permanent resident for about 2. + +- My tuition is fully paid by financial aid but I don't get much in refunds. + +- I have a part time job that gives me $10/h and 20h a week. + +- Out of my biweekly paycheck of $400, about $100 goes in taxes and health insurance benefits, so I'm really getting $300 every two weeks. + +- Dorms go for 2k to 3k per semester. + +I have been applying to other jobs but it's really hard to find something that will allow me to keep studying and still pay enough. +I'm really desperate to move out but my father would probably cut contact with me if I told him that I want to live on my own and I don't know if that is something I'm willing to risk because I have a little sister (12) and I don't want her to be alone. +The only thing I can think of is getting loans for the rest of my time in college and telling him that they're grants for housing. He wouldn't be very happy about that either, but at least it would just seem like an opportunity I got and not me doing whatever it takes to get away. +I know taking loans is getting myself in a financial hole but I don't know what else to do. +Bought a property and now have found signs of mold and moisture damage that was covered up before sale. The neighbor has informed me that the previous tenant had a grow operation in the house. +What’s the best route to follow up on this and where could I possibly obtain information that would show the sellers knew? +Maybe I'm off base but I want to know why an investor is selling a cash flowing property. Sure maybe they're just rebalancing their portfolio but maybe there's a repair they don't want to invest in. I always ask and usually the seller agent tells me what they know but a few times it's been straight up hostility for asking. Being new to this trying to figure out if I'm out of bounds here. +“Real estate crash incoming!!” + +This is all I hear lately. On Reddit, YouTube, all the clickbait news sites. + +Let’s take it back to 2008 (before a truly epic real estate crash) + +25% of US homeowners in negative equity position. + +20% of mortgages were subprime NINJA, adjustable rate garbage. + +Now for 2020 + +Less then 5% of homeowners are in negative equity positions. + +For a “crash” to happen, we would need a large quick influx of supply, in 2008 this came from foreclosures since no one had any equity and just walked away. + +We won’t get this large influx of supply from foreclosures this time around, sure maybe some, but far too much equity out there. + +For those that think a crash is coming, where will the glut of supply come from? Only a larger supply then demand can send prices falling. If anything all the damage points to lower supply. One could better argue that real estate prices have a better chance at rising then falling in the next few years. +Hello, I was curious about if anyone on this sub had experience in parking lot investing. More particularly, to what scale do you believe money is lost on cars that are parked illegally but are not given fines? +[https://www.cnbc.com/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html](https://www.cnbc.com/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html) + + + +* **Before founding Crypto.com, Kris Marszalek was involved in multiple ventures that ended in collapse, including one where suppliers claimed they were unable to access their earnings.** +* **Over a decade ago, Marszalek and his business partner were paid millions of dollars by  their manufacturing company, months before it entered bankruptcy.** +* **In a tweet thread published ahead of this story, Marszalek wrote “startups are hard,” and “you will fail over and over again.”**  +[Source](https://www.prnewswire.com/news-releases/vanguard-announces-plans-to-launch-total-world-bond-etf-300651727.html) + +[SEC Filing here](https://www.sec.gov/Archives/edgar/data/1021882/000093247118006048/mergedscottsdale485a052018.htm) + +> VALLEY FORGE, Pa., May 21, 2018 /PRNewswire/ -- Vanguard today filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard Total World Bond ETF. The ETF will be the industry's first U.S.-domiciled index product offering investors access to the entire global investment-grade bond universe in a single portfolio. It is expected to launch in the third quarter of this year. + +> The fund will be structured as an ETF of ETFs, investing directly in two existing low-cost ETFs: Vanguard Total Bond Market ETF (BND) and Vanguard Total International Bond ETF (BNDX). This structure enables the Vanguard Total World Bond ETF to achieve immediate scale by using existing exposure from the underlying ETFs and is expected to result in tighter bid/ask spreads and lower operating expenses than investing directly in the benchmark's constituents. The approach is similar to Vanguard Total Corporate Bond ETF (VTC), which launched in November, 2017, and invests in Vanguard's existing short-, intermediate-, and long-term corporate bond ETFs. + +> "With the Total World Bond ETF, Vanguard will be the first firm to offer U.S. investors a single index product with exposure to the entire global investment-grade bond universe," said Vanguard Chief Investment Officer Greg Davis. "It will be simple, convenient, and highly diversified, with an expense ratio in line with our current low-cost fixed income ETFs." + +> The new ETF seeks to track the Bloomberg Barclays Global Aggregate Float Adjusted Composite Index and will have an estimated expense ratio of 0.09%. + +This plus total word (VT/ VTWSX) will truly be a set it and forget it fund. Now if only they would offer Admiral shares of VTWSX... +I've followed a bunch of FIRE forums for a few years, was able to pull the trigger about 4 years ago. I see a very commonly recurring post about having difficulty switching to new patterns after the initial 6 months of euphoria have worn off. Here's what has bubbled up to the top after personal experimentation and chatting with friends in similar situations. + +First off, it's a pretty different mode of relating to yourself and the world, so don't beat yourself up for not nailing it right away. It took decades of conditioning to get into the 9-5 world and it will take time to decondition and find a different way of relating to your own desires. It's easy to fall into apathy when you have been habituated to external control signals and have thus been living in a very reactive fire fighting mode of life and suddenly those external controls are removed. It takes time and investigation to figure out just how many constraints have been removed, from where you live, who you interact with, and how you choose to spend your days. + +Introspection can be a double edged sword in this regard. Some introspective hobbies such as meditation, journaling, and creative endeavors can be some of the most worthwhile things you can do, but they can also wind up in a weird relationship with a kind of paralysis by analysis depression. It's pretty important as a social animal to find new ways of getting connection. Some activities that seem to be winners: + +Local activity groups like hiking, casual sports leagues, dancing, music or other creative endeavors: These things are awesome because they combine social with some kind of skill building that can be rewarding in itself. It was good to let go of grumpiness I initially had about these groups being people I 'wouldn't normally' interact with due to their personalities, personal achievements (or lack thereof) or especially age ranges. Especially for groups that meet during 'work time' 9-5 weekdays you'll encounter all types and age ranges. If you can get over the initial feeling out of place you'll find a lot to relate with people over despite differences. Artistic and maker type spaces are especially welcoming and it is a lot of fun to learn to build various things with your hands. + +With regard to new skills you are terrible at, I've found the more I let go of needing to reach a particular skill level the more I enjoy them. So when I take an art class I don't actually have an expectation that I'm going to get good at the underlying skill. I just go and enjoy the class itself for what it is. This was especially apparent with acroyoga. I realized I don't actually care at all about getting to the point to be a skilled practitioner who does freestyle with people or whatever it is they do. I just enjoy the guided class time itself. I'll also call out music in particular as a deep skill tree with a social and individual component and a lot of choices of which thing you wind up finding most fun. There's also research indicating that people are pretty bad at predicting what they'll end up enjoying. Inversely, you'll also find that some of the things you've 'wanted to do for years' just sort of fall flat and that you liked the idea more than the reality. Try more things! + +Adventure travel: Once I could travel I pretty quickly started noticing that traveling alone isn't all that much fun. Fortunately many other people find themselves in the same boat and one of the best solutions is to find yourself all in the same boat! What I mean by this is that there are companies that host group travel events. You may immediately think this is a luxury travel thing but there are low cost ones as well which, if anything, is more fun because you meet a broader variety of people and lends much more of an air of adventure than a perfectly air conditioned padded experience. E.g. there are groups that go out for multiday boating/camping treks. You can make great friends on this sort of thing and if you don't like some people, well after a week or two you never have to see them again. + +Becoming an organizer: after I'd done some of the above for a while I started to notice that there are lots of people who want to show up for events and not that many people organizing events. As a person with newly minted lots of free time I could be on the other side of this demand curve. If organizing sounds like no fun, well, no one says you have to do any sort of high commitment organizing. You can post for casual meets of things you're interested in. If no one shows up, just try again with something different. The best things of this form are things you would enjoy doing on your own anyway, so no real loss if a group doesn't coalesce. This is also the fast track to having a large diverse social graph as you not only meet lots of event attenders, but it gets supercharged because you wind up meeting other group organizers who themselves are also super social connectors. + +Somewhat related is volunteering. Every non profit perpetually needs help so it isn't hard to find a place where your efforts will make a difference. This one can be a bit more fraught because you don't want to be a 'fun part' charity tourist who shows up to play with the blind puppies or whatever and not to clean up dog crap and do paperwork. Keep an eye out for stuff that seems meaningful to you. + +Yoga and meditation retreats. Some of these are cheap or even free and they can be life changing. It can take time to find a group whose approach you vibe with, but that can be part of the fun of trying things. You can also just rent a cheap place, live off canned food for a time and self host a retreat. This is especially cheap if you go to vacation heavy places during the off season. + +Standard section about exercise, diet, sleep. Start investing in yourself to multiply your enjoyment of everything else here. A big thing for me was finding cardio I enjoy. Running in the woods is way more fun than running on a treadmill. Some people really get into cycling or swimming. My sister adores surfing, didn't start until she was in her forties, and doesn't try to 'get good' but rather just has fun. + +Speaking of which, make more time for your family and friends. Be the initiator of spending time together. This can feel a bit bad and one sided, but people are busy and in the same boat of wishing that others would reach out to them. This dovetails with some of the other stuff. You can make it easy for people to show up on their own terms if you let people know that you'll be doing X at Y time and others are free to join but the activity is not conditional on their attendance. Takes a lot of pressure off people. + +That's all I can think of right now. Will add more if anything comes up or based on questions etc. Hope this is mildly useful to someone! +Hey I'm 34f n want to start investing in stocks that give dividends. I know I'm late to the game n only make about $33000a year but I want to try and could use help getting started with beginner finances Really +I would like to know if anyone in this sub owns it and what are their thoughts on it. It seems like a very good dividend company to own despite very little growth. +Howdy, + +I'm new to the whole dividend scene and I've been considering investing into high dividend companies. Am I calculating this properly? + +EX: Microsoft, price $216.52, div yield=%1.03 + +Lets say I have 10 stocks in Microsoft... + +$216.52 x 10 = $2165.20 + +(2165.20 \* .0103) = $22.30 (yearly dividend yields) + +&#x200B; + +If this is a monthly dividend yield we could do this correct? $22.30 / 12 = $1.85 + +&#x200B; + +Or quarterly... $22.30 / 4 = $5.57 +Hi all, + +I have a long surname that is compose of 3 family names and is over 30 characters in total. Thereafter, many system (Banks, gov) in UK doesn’t accept my full surname. + +In each of these system, my surname was loaded slightly different, shortning one or another family name. So for example: + +* A bank cut my last family name in half; +* Another bank shorten my surname to be only my last family name; +* DVLA shorten my second family name to the first letter; +* My city council removed completely my second family name; + +I never really minded, because I got the service working at the time. + +However, I couldn’t create a Government Gateway / Gov Verify account because fails the credit history check. + +And I also failed to pass the checks for a credit card last year. + +And the last trigger, I want to buy a house within the next few years, so started paying attention to my credit history. + +I signed up for all this credit score apps and I’m missing information on all of them, so I’m raising disputes and, found out the issue is that my surname is over the character limit. Equifax cannot even load my full surname and asked if I accept to load in a shorten format. + +Anyway, my main concern is that I remember people saying in here that lenders ignore these score numbers and do their own checks. So even if I manually update my profile with all these major credit company, I will probably still have issues with the lenders when I try to apply for a mortgage, will I? + +Is it worth it to update my name in each system directly (banks, gov)? so I would only have 2 variation: my full surname and only one shorten version of my surname? At least it would be a bit more consistent between services. + +any other suggestion? + +thanks! +Hi All +Im in the process of Finalising my house purchase and received a document from my solicitor of any fittings and contents i want to purchase such as washingmaschine , curtains etc. +One of the things i saw is the central heating system which i have to purchase for an additional 500 pounds?! + +Shouldn’t something like that be included with the property? Nowhere in the listing did it state that i would have to pay extra for it. Its a main gas system which was installed in 2017 + +Is it worth paying 500 for it or should i get one installed by myself once i have the property? + +Many thanks +(Fixed) ~~Forgive me for the formatting & naked links~~ but I'm on mobile and this needs eyes and more wrinkles than I have on it ASAP so I can get back to eating crayons and throwing poop at the TV when Jim Cramer comes on. + +This article excerpt is one click from the landing page for the DTCC under category "DTCC Connection" and titled "FMIs Have a Crucial Role to Play in Advancing DeFi" By Jennifer Peve, DTCC Managing Director, Head of Strategy and Business Development (See Edit 2 for a light dig into her that makes her our first female villain in the GameStop saga) + +[Direct link here](https://www.dtcc.com/dtcc-connection/articles/2022/october/03/fmis-have-a-crucial-role-to-play-in-advancing-accessibility-of-defi) + +Article excerpt from 8th paragraph after they try to convince you you need SOMEONE to address the concerns / problems they just spent the first 7 paragraphs convincing you there would be.... + +*Consider smart contracts that manage tokenised securities. While smart contracts could technically operate without any ‘owner’ and be truly decentralised, security and governance risks inherent to this model remain. There is also the possibility for FMIs to manage the smart contract, much like the approach DTCC is developing with its Digital Securities Management (DSM) service. Pending regulatory approval, DSM will employ technologies that allow for tokens to be held in a decentralised manner, with DTCC still providing governance and oversight, enabling more efficient processing and regulatory compliance.* + +The guys that couldn't get a stock dividend right want to be in charge of a system that doesn't need their institution? No thanks, I'll take a couple of genius code monkeys hopped up on Jolt soda that can write scripts to replace them. BYE! + +Then [here's a link to the PDF of the publication](https://www.eurofi.net/wp-content/uploads/2022/08/regulatory-update_prague_september-2022.pdf) called "EUROFI Regulatory Update" September 2022 issue that Jenifer Peve drew from that goes into much greater detail. It's a 80 page PDF but only a portion of that is addressing this issue. Page 65 is the beginning of the crypto section and page 71 is the start of DeFi and tokenized securities. + +Just a quick skim of this is throwing up a lot of red flags. Basically it looks like the DTC and others are positioning themselves to be custodians and guardians over tokenized securities and other defi products that if built and implemented correctly would need virtually none besides the initial rules and parameters programmed in to conform with laws, rules and regulations. It also seems they want to incorporate banks into the process. Saving their rich friends and systems they can keep market manipulation in place. + +I just stumbled into this while I was grabbing a link to their website for an older holder lady I'm friends with (who bought and DRSd her shares!) that was asking me what the DTCC is and I didn't want to cuss so I was going to send a link. + +Most of you are smarter than me. I just either stepped into crap or I just crapped myself and I'm too dumb to realize it. One of the two. This could be their plan to retain control and if so people need to know so they can do something about it. + +I hope I've just got crap running down my GameStop sweatpants and not just found another round of this battle. Let me know what you think. + +Edit: Got home on the desktop and cleansed up naked links and fixed a couple typos. I also noticed that Jenifer Peve misspelled both "tokenised" and "decentralised" showing that it surely will be neither. + +Edit 2: IMPORTANT please see [this comment](https://www.reddit.com/r/Superstonk/comments/xzalob/comment/irmo1d5/?utm_source=share&utm_medium=web2x&context=3) where I did a little dig into Jennifer Peve and what I found. I could use some help here before anything gets scrubbed. +More specifically, what stock do you hold now that you believe will hold or increase in value long after you're gone? What are the smaller, overlooked companies out there you believe will grow in the future? + + +As the title says, we no longer have a discussion flair. The closest remaining flair that I could possibly mark this under is ' speculation / opinion ' which this is not. While there may be opinions involved, the removal of this flair is not an opinion or speculation. The discussion flair is a critical flair to this sub. We should be having discussions about what gets brought in here, we use this flair to learn together as a community. This is how we aggregate high quality content and encourage critical thinking. Without this flair, a post like this will get aggregated into the flair ‘speculation / opinion’. The important topics that members bring to the group will get lost in a swath of unnecessary posts, hindering or preventing many critical discussions from taking place. + +I’ve made 2 posts about this and on the second I got a mod response by u/platinumsparkles . To which they answered, that it was announced with a link to the announcement. Except when I looked, there is no mention at all at the removal of this flair. Only that there will be a flair overhaul. I pressed for an answer, since I still hadn’t received any as to why it was removed. Their answer was that the discussion flair seemed redundant, since all posts lead to a discussion in the comments. + +The discussion flair is not redundant, it serves as a specific function that is separate from the discussion that takes place in all posts. This is not the same thing, **we’ve simply lost a critical tool**. And no mention was made to let users know that this was happening. I asked them to make an announcement to let everyone know that this flair was removed if they believe it is what’s best for this sub, as most people have no idea, and received no response. **Please help me get the word out here** + +&#x200B; + +&#x200B; + +Link to last thread with mod response + +https://www.reddit.com/r/Superstonk/comments/qmjzmg/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/ + +Edit: as u/Shagspeare has pointed out, we’ve also lost the “question?” flair and again there was no mention of it being removed. This is another crucial flair that we have **no** replacement for + +Edit 2: Alright, this is actually quite bad. After seeing there was a couple missing, I looked back in the daily discussion to find the list of old flairs. Since the mods only announced that there would be an overhaul, and never said what was removed or why. I'm adding the list to show what was removed + +**Old flair set** + +Daily Discussions | DD | Possible DD | Discussion | Question | Education & Data | News & Media | MEGA Thread | Social Media | HODL | Meme | Fluff | Opinion | +Shitpost | Art & Writing | Stonky Pets | Daily News | SuperstonkBot | AMA | | Moderator + +**New flair set** + +📚 Due Diligence | 📚 Possible DD | 📈 Technical Analysis | 🤔 Speculation / Opinion | 💻 Computershare | 💡 Education | 📰 News | 🤡 Meme | 👽 Shitpost |📳Social Media | ☁ Hype fluff ( daily discussions for some reason not listed) + +**What's missing and what has been changed** + +Everything. No really, everything. First I'll start with the flairs that have been removed + +**REMOVED:** Discussion, Question, Mega Thread, HODL, Art & Writing, Stonky Pets, Daily News, AMA, and moderator + +And for what's changed, all tags have been changed atleast slightly, noted by the emojis. What this unfortunately means is if you go to sort by any of them, like 📚 Due Diligence, you no longer find anything beyond 14 days ago. All of those posts still exist but no longer can be found using current flairs, months and months of hard work and research put in and the easiest way to find it(without knowing the titles of the posts) has been changed. **this is bad. Please continue to help me get word out here, this is a large foundational change and very little was said about it** + +Here's the link to the announcement. + +https://www.reddit.com/r/Superstonk/comments/qe96t2/weekend_update_extreme_makeover_home_edition/?utm_source=share&utm_medium=web2x&context=3 + +As of 11/7 no update from mods. U/jsmar18 has acknowledged that this is a problem but no mention of an announcement or any commiital response to let the community know how this will be dealt with. When we get one, I will change this. I will give it some time, and if this ends pushed off or ignored I will make a new thread, and I hope everyone that participated here participates in the next. + +Thanks +If Warren Buffett had to start today (without worrying about old age), what would be his investment strategy so that he could reach the multiple billions in wealth he currently has? Would it be possible? + Over the past month, there's been significant OI accumulation on the options chain for ESSC. What is ESSC? It's a low float SPAC (probably 340k shares, conservatively 1.1 million based on speculation) that has a NAV floor of $10.26 until February 14-24. This February date is relevant in that the NAV floor will remain at $10.26 leading up to that point, so will the low float. + +Now I'll lay out the technicals of how the play stands. Currently there are over **8,508 calls** in the money for the **$10c strike**. That's **850,800 shares** that market makers *should* have to hedge for leading up to expiration (January 21st). At the **$12.5c strike**, there are **16,427 calls**. That's **1,642,700** shares that market makers *should* have to hedge for leading up to expiration (January 21st). With the **$10c** and **$12.5c**, that's **2,493,500 shares** that would need to be accounted for. If the float is 340k or 1.1m, that's over the float **6x** for the former, and **2x** for the latter.   You might go to your broker and see that it says the float is 3.7m, but 2.9m of those are held by backstop investors, who are heavily restricted from selling those shares up until merger. + +What does this mean? Significant interest on behalf of retail could generate an incredible opportunity to make this a gamma squeeze, where the amount of shares needed in order to hedge on those calls would exceed the float ***many times over***. Not only that, but if goes past those two strikes, it would then likely continue moving up the chain, where even more call options would need to hedged. The potential outcome is hard to even imagine, because I've honestly never seen a play quite like this. It's a unicorn. + +The thing is, ***those $10c strikes are still in the money***, which *should* induce hedging in excess of the float. At $12.5c strike, ***you have even more strikes*** which *should* require even *more* hedging.  + +With all that being said, at $11.16, and a NAV floor at $10.26, this would get *extremely interesting* with more retail attention. The thing that needs to change is retail sentiment. Last week, too many people wanted to make this out to be a coordinated pump and dump, and they wanted to be right, because they chose to ignore the setup early, and didn't want to buy into it at such a late entry. The early entry point that many of us had a month ago **is there now**. All it needs is a little push, which retail has the power to do.  + +The reason ESSC *can* happen is because of it's small float, lack of volume, and exceedingly large OI at the $10c and $12.5 strikes. Retail has **more power** than it thinks in that sense. The two days left could work to the advantage of this play, because significant interest on behalf of retail would catch them off guard. + +Options chain extract from webull: + +&#x200B; + +[Note: slight deviations in calculations above to OI provided here](https://preview.redd.it/szoiyn7oovc81.png?width=1054&format=png&auto=webp&s=575647036147ea17af497f53559b5e816d9cd2c1) + +Disclaimer:  I have calls at $12.5c, $20c, $25c. I opened my position in late December and did not cover my cost basis.  I wish I had. The prices are better now than when I entered. With all that being said, none of this is financial advice.  Please keep the drama away from this post and discuss it candidly and openly. This is a sub that should be drama free and only dedicated to discussing opportunities for making money. + +**ELI5: The price needs to hit 12.5 tomorrow (OPEX) to enable 15k calls ITM and trigger potentially significant hedging** +Through working full-time & freelancing ungodly hours over the past few years, I've saved nearly £45k but, as if having awoken from a coma, I realize it was entirely in vain as I have lost passion for my current career trajectory - I was merely burying my head in the sand by working every hour I could... + +I am living with family currently but unfortunately I feel like I'm in no position to buy a house/apartment as I have no partner, and now no career. I'm currently earning £23.5k in central London with a few years' experience (\~50-55 hours a week before any freelancing) since I have not completed my Master's degree / professional exams & qualifications. + +Whilst I try to navigate an alternative way forward in terms of my career, is there anything I should be doing with my savings? I am feeling like a moron for saving so aggressively before having a decent career in sight - I have burnt myself out, become lost and now it seems that soaring inflation is going to eat away at the savings I've accrued anyway. + +I'm aware I should have been putting money into a LISA as per the flowchart - I'll finally start on that now. + +Apologies for the rambling & thanks in advance for any advice. +Hello all, + +I've only been investing since January and I put 10% of my bi-monthly paychecks into my ETFs with a 30 year time frame. I know that some people like to have cash on the side just in case of a crash or correction. Is it smart to do this or would I just be better off adding to my investments because you can't time the market? + +I don't really have more money to play around with so I won't be able to go hard in case of a correction or crash. Something I thought of is just adding 5% to my investments and holding 5% for just a few months until I save up a decent amount just in case of crash/correction, but I just don't like the idea of my money sitting around doing nothing. What do you guys think? +In a rising interest rate environment, wouldn't large cap companies be better positioned to leverage economies of scale? + +I understand the value tilt, but why small caps? +Hi All, + +I have moved my investments over to Questrade, which features free ETF transactions. + +My question for all you is how should I invest 10% of my pay into ETFs? My 10% (wealthy barber) every pay would be around $180 So really I could only afford 4 ETFs a month.. Is that pointless should I be investing into something else? + +&#x200B; + +Sorry if this is a silly question +Looking to reinvest some recent gains and really like investing in clean energy not just for the growth but because Earth. I've been tracking solar the past few years casually and missed out on some great plays last year. One firm was good to me in December. + +I'd love to invest in a alt energy ETF with decent performance. It looks like there should be double-digit % growth for the next few years. Which funds would folks recommend? What's the performance? What kind of volatility are these funds seeing with respect to average ETF volatility? + +Most importantly, when picking an ETF, what guidelines and metrics do you use to measure quality? +Hello guys. I'm a new one itfs and since I started to learn about etf i've got a problem. Most of the s&p 500 etfs are too expensive for me (ex. Spy, ivv, voo). And now i found splg etf. The price is very good for me (about 50$). But i would like to know, does this etf have any crucial drawbacks? Thank you for your patience and advance! +Hey there, can anyone recommend any sources for staying up to date with latest related news? I'm mainly checking Yahoo Finance and The Motley Fool on a regular basis. Thanks! +I'm trying to choose one good tech etf and i found IGV. First of all, it vastly outperformed QQQ and VGT over the last 5 years. It has good difersification ( VGT is almost 50% Apple and Microsoft). QQQ is limited to the nasdaq, so any good growing tech company on the new york stock exchange won't be listed on the QQQ (Mastercard, Square). IGV picks out software technology companies from all different exchanges and weights them market cap weighted with a maximum weighting of 8%. The only problem is expense ratio. +Hi, my portfolio currently consists for three ETFs, which are all investing in US stocks only. These are ITOT (50%), IJS (30%) and IUSV (20%). After reading a little and looking at other model portfolios, I thought it would be a good idea to add another non-US based fund to my portfolio, such as IXUS. + +Is this a good idea? + +I am a little torn. On one hand, I am convinced that diversification is very important for any portfolio. But on the other hand, if I look at past returns, I get the sense that global stocks will most likely hurt my future expected returns. And additionally, one could argue that I am already "diversified enough" due to owning the entire stock market of the US anyways. + +Do you globally diversify? +Have had a large investment company managed portfolio for two years and an SEP that I manage; the account I manage has performed far better than the managed portfolio (18% versus 30%) for 2021. I want to change to ETFs and manage my own account. Most of the managed portfolio is in strategic mutual funds that are accessible only to the portfolio managers so I will have to make the tough decision to ask them to sell it all, possibly at a loss, if they sell on a poorly performing day. I am 6-8 years from retirement and am a generally aggressive investor. + +Questions: + +1) What ETFs would be good for a 90-10 or 80-20 portfolio? VTI (50%), VUG (30%), VXUS (13%) and BND (5%)? + +2) Is M1 a good option? Is it safe? +Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit. + +*If you are new to* r/ETFs*, please familiarize yourself with the rules listed in the sidebar.* + +**Discuss your favorite ETFs of the week!** +Relatively new to this sub, and these two strategies are basically the most common ones I see. Curious as to what you guys would generally advise to someone who just wants to mindlessly invest in their IRA/401k over decades. +Look, I want this to happen just as much as anyone. I have a shitty job that I hate and some kids that would really benefit from having their parents around more and not out working. However....think of the fallout that it would cause if the entire financial system was turned upside down right now. + +Do you think RC or anyone else at Gamestop want the blood of the "Christmas Spirit" on their hands? Millions of families tossed into turmoil, trying to figure out what the hell is going on with all their finances/retirement/futures? + +I'm perfectly okay with waiting until after this holiday season to kick off the new year with some amazing moonshots. Hell, we may get some more of us over the threshold of long term capital gains tax! + + +Let's all just chill, have a nice holiday with our stupid loved ones, and blast off in couple weeks! + + +Okay? + + + + + + + + + + +*Edit: so a lot of you are getting pretty heated about this post. The message has always been the same: Buy. Hold. DRS. + +Its okay to feel frustrated, but the anger im seeing out here isn't healthy. This company exists just as that, a company. This isn't a means for YOUR wealth. If you believe in the company and trust those at the helm, then what's the problem? +Our parents(60s) wants us, me(25f) and my siblings (27M, 24F, 21F), to buy a family house as our lease is ending. Theyre old and cant work anymore and are relying on us for their needs. Generally most me because I earn more that my siblings. + +So its been months since ive been checking out places they generally cost about $160k-200k where i live(Not in US). And yes my situation is very common here. + +I make about 24,000 a year and my siblings probably about 2/3rds of that. (We live where cost of living is somehow low but still doesnt make up for the stress of life). + +So ive been trying to talk to each about how we should pay, how much should each contribute, ect but its been hard since we dont really make a lot of money. I also dont want to be stuck in paying a loan all my life if i push for a longer term loan. + +Also im working at home and soon we're going back to the office, ill be leaving to the city which will cost me another for rent. + +Stress is taking a toll on my mental health. Really need advices or probably options on how i should manage this. :( + +Edit: All of us are working but theyre not stable yet with his job. + +Edit: sorry i didnt note this. My dad is still recovering from stroke and my mom is taking care of them. Theyre almost at their 70s and ive considered them old mainly because 60 is the age where people are already forced to retire or laid off their jobs. My dad did take part time classes online for extra money. They couldnt give him full load because of his age and pay was lower. I know this sounds as im defending them for not working but i hope this clarifies it. Mom had to retire too due to complications on the gut. Shes recovered but shes mainly at home now. + +EXTRA NOTE: Im still reading most but id like to thank everyone giving me notes about this. I am grateful for everyone giving me options and scenarios. This will really help me with explaining to them. Im writing them all down and will set a meeting with the family when theyre home. + +Edit: sorry i didnt really think about this but yeah i live in Philippines. I do hope my siblings dont get to read im posting here in reddit. They often past time here. + +Edit: tried to talk to my brother. He wants to buy the house. Told him we should sit down about it before lashing out to me. Good luck to me. +will be unpopular af.. but here it goes. + +I couldn't read the privacy policy well since my company internet (vpn) doesn't show it in my language , but they are clear to use your mailaddress for many purposes. this feeds their database and possibly their partners.. + +read about who you shared your data with here : https://www.change.org/policies/privacy + +Also... + + the subject of the case isn't PFOF, it's about D-Limit orders. Which are a different subject. you guys are protesting a subject that might not even be mentioned during the court-case. + +D-limit is something completely different. Educate yourselves before you follow like sheeple. + +A Discretionary Limit Order or D-Limit Order uses artificial intelligence to protect traders from latency arbitrage trading strategies. + +The innovative order type was created by the IEX group and achieved SEC approval in August of 2020. + +https://www.reddit.com/r/Superstonk/comments/mol4mx/what_is_a_dlimit_order/ +im new to stocks and never traded options before + +ok so i bought 10 $1 call for idex expiring for may 20th for $3 each + +so i basically risk $30 for a good chance to make 1k???? + +so the max loss is $30 and max gain is 1k???? + +this sounds too good to be true +I’d like to buy a 3-4 unit(FHA) on a decently sized plot of land, where I can build additional units within 1-2 years. + +I have the option to buy right now and start getting rental income, OR I could wait until prices fall(and interest rates increase). + +I’m thinking that waiting might be a good idea but then again I’d probably be waiting a while and missing out on a lot of rental income. I don’t know though. + +I’m in MA btw if that helps at all +**TL;DR:** I tracked a couple thousand tickers over the course of a couple months and here's a Google Sheet with the data + +**EDIT: Too many people in the sheet are locking it up, so here are some direct links:** + +* [Here's a download link](https://docs.google.com/spreadsheets/d/1NnDo-NPqagm5oriKAxgtF46Duvbf1I45fIeQ2SwrxrU/copy) +* [Here's a View link to the data if you just want to see without downloading your own copy](https://docs.google.com/spreadsheets/d/e/2PACX-1vQP-XmPrtuUtuMYWWDJKnmyBsr-MMZfLn96XrbmhPawSmnOpxDk9H3v2bgCEKHJIripij3KZJd9diBQ/pubhtml#) +* If anyone wants to get into the data of it I'm happy to share the file itself, but I want to limit concurrent access to it since too many people being in the sheet is preventing me from updating + +&#x200B; + +As we've all seen, everyone and their brother has a stock mention scraper these days so I thought I'd start tracking them. I was looking for the ones that would give the clearest idea of a strategy that could be carried into actual trading. So it had to have consistent updates, be reliable information, provide a useful set of measurable metrics, and be easy to copy/paste or import into Google Sheets. + +&#x200B; + +**In the end the two I landed on were:** + +[Unbias Stock](https://unbiastock.com/reddit.php): It provides hard number scores for ticker mentions across multiple platforms + +[Finviz](https://finviz.com/?a=304482240): The screener section allows you to filter a lot of ways, I was interested in the ATH data + +&#x200B; + +**Methodologies:** + +* Every day at market close I get all the ATH data for that day and paste it into the sheet +* Every morning just before market open I enter all the social media ticker information gets entered each morning so I can collect all the info from the full day and night before +* The sheet uses GoogleFinance functions to pull ticker "high" for the day each day. Google is sometimes spotty about updating so you'll see gaps in the data. I go through regularly and paste the values into the spots to lock in the data +* It calculates a lot of things, but the big things are + * What score grouping has the highest rate of profitability? (i.e. Which grouping should I look for when deciding on a stock) + * Which social media is the most profitable? + * What is the max price and % change after the date it was entered into the sheet? (i.e. What kind of limit sell should you set) + * How many days did it take to get to the max price? (i.e. How long should you hold) + +&#x200B; + +**Analysis (Keep in mind that the data is constantly changing and updating):** + +1. The most successful platform is Reddit. Wisdom of the Masses is a real thing +2. Set limits and take profits when they hit, holding too long every platform loses money +3. Stocks with a Reddit score of under 500 become profitable FAR, FAR more often than any other category +4. They hit their max profit on average between 4 - 8 days. After than they all start losing money +5. Average % increase (limit sell) is 15% - 17% + +&#x200B; + +**Other interesting finds:** + +Stocks that have hit an ATH the previous day are profitable the next day 34% of the time and profitable within the next 5 days 56% of the time. If you look at the full table it's a strong, strong strategy for incremental gains. 5% - 23% gains are really consistently feasible + +StockTwits LOOKS very successful when you see their hit rate, but if you look at the score categories you see that they are only successful in stocks with a score greater than 5000. That means that they are just coat tail riding on stocks that everyone else called successful long before. So they're not good at picking stocks, but they ARE good at jumping on the bandwagon as it comes screaming towards them. And it's not a terrible strategy, the average % of profit of that category is 23% + +**Conclusions:** + +Obviously I'm not qualified to give you guys advice, but what I've been using the data to do is: + +1. I find stocks that have a score of under 500 in Unbias Stock and do a little digging. If they haven't popped yet I buy up the ones with the most Reddit mentions. I set a limit sell of 15% on themThis strategy has been working really well for me. I'm hitting the 15% about 75% of the time, and the ones that I don't I sell after 5 days usually somewhere between 1% and 10%. I've only taken a loss twice +2. I have recently started buying stocks at ATH and selling them within the next day or two if they hit 5%. This has been hit or miss so far +3. I started this a month ago in my RH account (it's where my play money is) and compared it to my "responsible" investments in my Fidelity account. They both started at the same amount and as of today my RH account is up 25% and my Fidelity is down 36% (fucking tech man) + +&#x200B; + +Good luck! If anyone has any ideas of how to better parse the data let me know, I'm more than happy to make this better. +Paypal has a limit of $600 +Paypal is a shit user experience (UX is crucial in fintech) +Paypal copying the APT model, Z1Ps is different + +Overall the BNPL is a growth sector, a player like PayPal entering the game legitimises it further. + +Finally. Why would a merchant be exclusive to one platform at all? Every website I see has options for all the BNPLs. Its going to come down to user experience, brand trust etc. +Lots of examples on the internet of couples particularly, who have cashed out, bought a sailboat and then traveled the world on it. A bit dangerous and definitely a life change -- but it's tempting. Average price of a big-enough boat is 50-80k and if you hit 400k you can survive off 4% returns for a few years, and come back to your nest egg (assuming no major recession). So it's like a temporary FIRE, but I think it needs a name. + +Particularly for couples that want to unplug, start a family, or raise kids in a unique way, it's compelling. But I haven't met anyone there FIRE'd that way. + +Thoughts? +Something I've been thinking about lately is whether my "dream job" is worth the trade off in long-term financial stability, and whether I should make the switch to something more lucrative while I'm young enough to take risks. + +&#x200B; + +&#x200B; + +Posting this because a comment on a different discussion about side gigs that basically said "there's more to life than money" was really interesting and I think this is a theme that comes up among people chasing financial independence. + +&#x200B; + +&#x200B; + +I really love my job and think I'll have a long and interesting career if I work hard and never give up on self improvement. When I go on holidays I sometimes actually miss work... I know I'm very lucky to be in this situation. + +&#x200B; + +&#x200B; + +BUT my job is very unstable, stressful, prone to budget cuts, and also generally pays less than other jobs with similar levels of stress and technical skill required. The most my salary will ever be over my lifetime is maybe $90k. Which IS a lot of money - but grinding away for decades in other fields would earn more faster. + +&#x200B; + +&#x200B; + +I'm good at saving so I'll be able to afford a house eventually and go on holidays... but to save for these things I currently live with housemates, keep driving my rundown 20-year-old car, and don't splurge on things. And I will likely be living this way into my early 30s. If I switched into a different industry I could earn more faster and finally get my own place (a dream!) and not feel guilty about splurging on luxuries. It is something I am seriously considering, especially as I'd like to start a family before I'm 40 and not worrying about job security would be nice. + +&#x200B; + +&#x200B; + +BUT again... at a dinner party recently a stranger said "you must really love your job - your entire face lights up when you talk about it". I can't imagine many other industries that would make my entire face light up! And sometimes I think that feeling is, ultimately, priceless. + +&#x200B; + +&#x200B; + +How do you - personally - find that balance? Are you lucky to be in a career that is both lucrative AND fulfilling? Did you stop pursuing your dream job for a better income? Or did you decide you would be happy with $XX,XXX income and make peace with things like, for example, having a rundown car or not being able to buy property as soon as you'd like? How do you balance your financial goals with your personal/artistic ones? +We all know the education sector is going through unprecedented times with mass lay-offs and underemployment. + +I'm curious to know fomr someone who works at a university (either in admin, academia or teaching) or knows someone who does, how bad is it really? + +Any anecdotal stories? +Hi everyone, + +Everything Apple has been doing lately has me thinking it's likely to fall soon due to their upcoming security changes. I'm have a relatively small position 10 shares at 127.96. So I won't be making a huge profit but I do think Apple might be a buy in the future when its cheap again. I like Apple products but their security update is seriously having many people globally hesitant to the stance the brand is taking. Is it time to take profits? Thoughts? + +&#x200B; + +edit: Based on all the comments I decided to hold and will buy more during the next dip as I have no real need for the cash. For those mentioning taxes here in Canada my AAPL stocks are in a TFSA (Tax free savings account) which means gains and withdrawal are non taxable. + +edit 2: Some think I'm trading apple but truth is I bought last august pre spilt and then again this year in January +Hey guys, +I was recently listening to a 'rich dad poor dad' book in which the author describes as money earned from a 9-5 job as '50% money'. he then describes investing as 20% money and business as 0% money. + +Heres where my question comes in. So as far as i am aware, and depending on how much money you make annually from a 9-5 job and a few other variables, a certain percentage of your paychecks are taxed by the gov which again, can be up to (what ive seen) like 20% (again, depending on how much money you make. the less you make, the less you get taxed). + +Why does the author of this book say that the money you make from 9-5 jobs is 50% money? as far as i know, the max you probably get taxed is prob around 10-20%. Am i missing something here? + +Hopefully this question makes sense, any help is greatly appreciated. Thank you all. +https://sea.ign.com/nintendo-switch/193861/news/switch-pro-reportedly-cancelled-as-nintendo-shifts-focus-to-next-gen-console + +> Rumours of a Nintendo Switch Pro console have been swirling in the video game industry and the gaming community for years. However, it seems that Nintendo is ready to move on from the portable console. +> +> According to Digital Foundry's John Linneman, many developers acknowledged that a "mid-generation Switch update" was initially planned, but Nintendo opted to focus instead on building a new console. Nintendo has yet to officially announce its next video game system, and Linneman said he does not expect it will be released until 2023. +I am just now starting to invest in the stock market and I am 23 years old. I currently only have 2k invested in the stock market as I have literally just started investing. + +My Goal is to create a portfolio that is a DRIP portfolio that can survive any economic down turn, like I want to hold strong positions in multiple sectors for dividends so if one crash I don’t have to sell off and can just buy more and the other sectors hold up my returns while those recover. + +My current portfolio: + +VTI, GLD, JNJ, VGIT, VZ, LUV, STAG + +I am still currently building it but I would really appreciate it if someone could tell me, how to read the companies and exactly what I am looking for when investing in a new stock. What do you guys mostly look for on those company reports? + +Thanks everyone! I love this subreddit so far it helps me out a ton! +&#x200B; + +[Every Monday - Friday at 7am](https://preview.redd.it/pk2qzlfl1o981.png?width=1600&format=png&auto=webp&s=ae8a198ed3d668313885fd6dcc9a1ccd1be324ad) + + + +*GOOOOODDDDD MORNNNNININNNNNNGGGGG SSSSUUUPEERRRRR SSSSTOOOOOOOONNNNNNK!* + +I am [u/Odd-Ad-900](https://www.reddit.com/u/Odd-Ad-900/) and I am your mildly unhinged morning news anchor. + +Yes, I took my Reddit given name. No, I am not "new". Calling me a shill? MGGA Please... (psshhhh) + +**I want to give A Big thank you to my news team** [**u/blazlyn**](https://www.reddit.com/u/blazlyn/)**,** [**u/viviconsadventures**](https://www.reddit.com/u/viviconsadventures/)**,** [**u/tokyorose**](https://www.reddit.com/u/tokyorose/) **and our very own mods** [**u/dismal-jellyfish**](https://www.reddit.com/u/dismal-jellyfish/)**,** [u/Hipz](https://www.reddit.com/u/Hipz/)\*\*,\*\* **and** [**u/luma44**](https://www.reddit.com/u/luma44/) **You guys are the best! And I couldn't do this without you.** + +Can You Smell That? It smells like the fire that will consume Rome. It will be a great show... kinda like hanging with Tyler Durdin in the financial district... + +God I love this job. + +Insert NON-FLACCID intro card: + +https://preview.redd.it/1i5ef35a3o981.png?width=680&format=png&auto=webp&s=4f0009653306b2744b28a63bce484cf26eb855df + +&#x200B; + +&#x200B; + +Yesterday, this news story caught traction on the sub even though it didn't catch media attention. Here is a link to the data the news story is reporting on. We have made some waves so far in the financial world. Well this, this is a fucking tsunami. I am actually in a little disbelief and I know I shouldn't be. This is concrete proof that the government is operated by the banks. We've always known this... but this is proof. Liquidity crisis in 2019? You mean at the exact same time Covid 19 began rising in China? Yeah. + +I mean, we should be numb to this right? I mean... we "KNOW" the levels of fuckery going on. We know that this reaches into the deepest depths of our government. It is probably deep enough to come right to our hometowns in a "trickle down" fashion. But still... why the fuck are we not doing anything about it? + +The kind of systemic change that is going to be required cannot happen through a chatroom. And DC is completely under control from the banks. So WHAT ARE WE GOING TO DO? u/Loopring? Any ideas? u/DeepFuckingValue? + +Oh yeah... HOLD + +This is a link to the dataset. + +[https://www.newyorkfed.org/markets/OMO\_transaction\_data.html#rrp](https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp) + +u/Far_Bass_7284 made the news story into comments on [u/Jolly-Conclusion](https://www.reddit.com/user/Jolly-Conclusion/)'s post. + +*Four days ago, the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained. Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy. That’s blockbuster news. But as of 7 a.m. this morning, not one major business media outlet has reported the details of the Fed’s big reveal.* + +*On September 17, 2019, the Fed began making trillions of dollars a month in emergency repo loans to 24 trading houses on Wall Street. The Fed released on a daily basis the dollar amounts it was loaning, but withheld the names of the specific banks and how much they had borrowed. This made it impossible for the public to see which Wall Street firms were experiencing the most severe credit crisis.* + +*It was the first time the Fed had intervened in the repo market since the 2008 financial crash – the worst financial crisis since the Great Depression. The COVID-19 crisis remained months away. The first reported case of COVID-19 in the U.S. was not reported by the CDC until January 20, 2020 and the World Health Organization did not declare a pandemic until March 11, 2020.* + +*The dollar amounts of the Fed’s repo loans grew to staggering levels. On October 24, 2019, we reported the following:* + +*”The New York Fed will now be lavishing up to $120 billion a day in cheap overnight loans to Wall Street securities trading firms, a daily increase of $45 billion from its previously announced $75 billion a day. In addition, it is increasing its 14-day term loans to Wall Street, a program which also came out of the blue in September, to $45 billion. Those term loans since September have been occurring twice a week, meaning another $90 billion a week will be offered, bringing the total weekly offering to an astounding $690 billion. It should be noted that if the same Wall Street firms are getting these loans continuously rolled over, they are effectively permanent loans. (That’s exactly what happened during the 2007-2010 Wall Street collapse: some teetering Wall Street casinos received, individually, $2 trillion in cumulative loans that were rolled over for two and one-half years – without the authorization or even awareness of Congress or the American people. One bank, Citigroup, received over $2.5 trillion in Fed loans, much of them at an interest rate below 1 percent, at a time when it was insolvent and couldn’t have obtained loans in the open market at even high double-digit interest rates.)”* + +*Under the Dodd-Frank financial reform legislation of 2010, the Fed was legally required to release the names of the banks and the amounts they borrowed “on the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.” The New York Fed released the information for the third quarter of 2019 last Thursday, a day earlier than required. We reported on it the following day.* + +*Those Fed revelations, that had been withheld from the American people for two years, should have made front page headlines in newspapers and on the digital front pages of every major business news outlet. Instead, there was a universal news blackout of the story at the largest business news outlets, including: Bloomberg News, the Wall Street Journal, the business section of the New York Times, the Financial Times, Dow Jones’ MarketWatch, and Reuters.* + +*Could this critically important story have simply slipped by all of the dozens of investigative reporters and Fed watchers at these news outlets? Absolutely not. The Fed was required to release its repo loan data and names of the banks for the span of September 17 through September 30, 2019 at the end of the third quarter of this year. We reported on what that information revealed on October 13. Because we were similarly stunned by the news blackout on that Fed release, out of courtesy we sent our story to the reporters covering the Fed for the major news outlets. Our article alerted each of these reporters that a much larger data release from the Fed, for the full fourth quarter of 2019, would be released on or about December 31. The data was posted at the New York Fed sometime before 1:23 p.m. ET last Thursday.* + +*A The most puzzling part of this news blackout is that the majority of the reporters who covered this Fed story at the time it was happening in 2019, are still employed at the same news outlets. We emailed a number of them and asked why they were not covering this important story. Silence prevailed. We then emailed the media relations contacts for the Wall Street Journal, the New York Times, the Financial Times and the Washington Post, inquiring as to why there was a news blackout on this story. Again, silence.* + +*Next, we emailed a number of reporters who had covered this story in 2019 but were no longer employed at a major news outlet. We asked their opinion on what could explain this bizarre news blackout on such a major financial story. We received emails praising our reporting but advising that they “can’t comment.”* + +*The phrase “can’t comment” as opposed to “don’t wish to comment” raised a major alarm bell. Wall Street megabanks are notorious for demanding that their staff sign non-disclosure agreements and non-disparagement agreements in order to get severance pay and other benefits when they are terminated. Are the newsrooms covering Wall Street megabanks now demanding similar gag orders from journalists? If they are, we’re looking at a form of corporate tyranny previously unseen in America.* + +*The history of Bloomberg News came to mind. That news outlet had previously come under fire for spiking stories that may have been counter to the business interests of its billionaire owner Michael Bloomberg, who derives his billions of wealth from leasing the Bloomberg data terminal to Wall Street’s trading floors around the world.* + +*On March 11, 2016, Matt Winkler, Editor-in-Chief-Emeritus at Bloomberg, wrote a sycophantic piece titled “Stop Bashing Wall Street. Times Have Changed.” Winkler wrote a fantasy view of where things stood at the time:* + +*”One of the reasons the American economy is performing better than any of the largest in Asia and Europe is that its regulators have repaired the damage of the financial crisis and the worst recession since the Great Depression. Led by the Federal Reserve, they replaced incentives for reckless speculation with catalysts for old-fashioned credit creation backed by levels of capital that are unprecedented in modern times.”* + +*Winkler’s column was an egregious coverup of the “reckless speculation” that continued on steroids on Wall Street. The megabanks were trading their own stock in their own dark pools – which continues to this day. The Office of the Comptroller of the Currency would report that as of March 31, 2016, just four banks held 91 percent of $192.9 trillion in notional derivatives held by all banks and savings associations in the U.S. Those four banks were JPMorgan Chase, Citigroup’s Citibank (which blew itself up with derivatives in 2008), Goldman Sachs Bank USA, and Bank of America – the same banks that were taking giant sums from the Fed’s emergency repo loan facility in 2019.* + +*Also in 2016, Michael Bloomberg showed very poor judgement in co-authoring an OpEd with Jamie Dimon, Chairman and CEO of JPMorgan Chase, a man who should have been the target of investigative reporting by Bloomberg journalists for an unprecedented crime spree at his bank.* + +*In 2015 Politico’s Luke O’Brien deeply reported the details of a Bloomberg News article that was critical on China and appeared to have been spiked to preserve business sales of the Bloomberg terminal in that country.* + +*And then there are those strange associations with felony counts or fines at Wall Street banks and those expensive Bloomberg terminals. The chat rooms that facilitated the rigging of the Libor interest rate benchmark and the criminal charges that came out of the rigging of foreign exchange trading were tied to chat rooms on the Bloomberg terminals. According to the late Bloomberg reporter, Mark Pittman, the Bloomberg terminal also had the capability of allowing hedge funds to find the worst subprime dreck in the market, making it possible for hedge funds like John Paulson’s to short the market while getting banks like Goldman Sachs to sell the other side of the deal to its unwitting investors.* + +*On November 20, 2019, Brian Chappatta, who still works for Bloomberg News, wrote this about the Fed’s emergency repo loans under the headline “Fed Throws the Kitchen Sink at Short Rates and Still Struggles”:* + +*”Consider all the steps the Fed has taken since Sept. 16 just for \[Fed Chair\] Powell to get to the point where he thinks funding markets are under control:* + +*”Sept. 17: The New York Fed conducts its first overnight system repurchase agreement in a decade, taking in $53.2 billion of securities.* + +“*Sept. 25: The New York Fed increases the size of its overnight system repurchase agreement operations to a $100 billion maximum, from $75 billion previously, and also raises the limit on its 14-day term repo operation to $60 billion from $30 billion.* + +“*Oct. 11: The Fed announces it will purchase $60 billion of Treasury bills a month and will keep doing so ‘at least into the second quarter of next year.’* + +“*Oct. 23: The New York Fed boosts the size of its overnight repo offerings to at least $120 billion, a size it is set to maintain through at least Dec. 12.* + +“*Nov. 14: The New York Fed says it will conduct two repo operations, each with terms of 42 days, on Nov. 25 and Dec. 2. With maximum sizes of at least $25 billion and $15 billion, these would carry past the end of the year. Taken together, it’s readily apparent that Fed officials are throwing the kitchen sink at the short-term funding markets and hoping they’ll settle down….”* + +*Numerous other Bloomberg News reporters wrote about the Fed’s emergency repo operations in 2019 and early 2020, including Liz McCormick, Adam Tempkin, and Alex Harris. And yet, today, not one of them has revealed to the American people that the very same megabanks that were drinking at the Fed’s trough in 2008 were back again at the trough in 2019.* + +*One of the most inquisitive reporters in September 2019 when it came to what had led to the Fed’s hasty interventions in the repo market was Francine McKenna, who at that time reported for the Dow Jones affiliate, MarketWatch. Less than two months later, according to her LinkedIn profile, McKenna no longer worked for MarketWatch. She had gone independent, publishing The Dig, a newsletter at Substack. On November 3, 2019, McKenna reported as follows at The Dig on the ongoing repo crisis:* + +“*One of the opinion writers at Market Watch wrote late last week that the Fed is in ‘stealth’ intervention mode after the Fed injected $99.9 billion in temporary liquidity into the financial system and $7.5 billion in permanent reserves as part of a program to buy $60 billion a month in Treasury bills.* + +“*But market demand for overnight repo operations far exceeded even the $75 billion the Fed allocated. So, on Wednesday, the Fed added $45 billion in addition to the $75 billion repo facility for a daily total of $120 billion.* + +“*There’s nothing stealth about continuing to pump billions into the repurchase market long after it said it would be needed.* + +“*The Fed originally said it planned to conduct daily repo operations until October 10. That intervention has now gone on beyond the end of the month of October with no end in sight.* + +“*Something is cooking but no one who knows what is telling the rest of us who is suddenly chronically illiquid.”* + +*Obviously, the banks that were borrowing the largest sums on a perpetual basis from the Fed were the “chronically illiquid.” JPMorgan Chase and Citigroup’s Citibank are among the largest deposit-taking, federally-insured banks in the U.S. Americans have an urgent need to know why they needed to borrow from the Fed on an emergency basis in the fall of 2019.* + +*We’ve never before seen a total news blackout of a financial news story of this magnitude in our 35 years of monitoring Wall Street and the Fed. (We have, however, documented a pattern of corporate media censoring news about the crimes of Wall Street’s megabanks.)* + +*Theories abound as to why this current story is off limits to the media. One theory goes like this: the Fed has made headlines around the world in recent months over its own trading scandal – the worst in its history. Granular details of just how deep this Fed trading scandal goes have also been withheld from the public as well as members of Congress. If the media were now to focus on yet another scandal at the Fed – such as it bailing out the banks in 2019 because of their own hubris once again – there might be legislation introduced in Congress to strip the Fed of its supervisory role over the megabanks and a restoration of the Glass-Steagall Act to separate the federally-insured commercial banks from the trading casinos on Wall Street.* + +*Why might such an outcome be a problem for media outlets in New York City? Three of the serially charged banks (JPMorgan Chase, Goldman Sachs and Citigroup) are actually owners of the New York Fed – the regional Fed bank that played the major role in doling out the bailout money in 2008, and again in 2019. The New York Fed and its unlimited ability to electronically print money, are a boon to the New York City economy, which is a boon to advertising revenue at the big New York City-based media outlets.* + + + +&#x200B; + +Rome is on fire. + +https://preview.redd.it/i9c2qomc4o981.png?width=1920&format=png&auto=webp&s=eb05f6f035b16a2358a1b46dde7526d61486cee0 + + As always, thank you to the real wrinklies out there. If it weren't for all you, I would have paperhanded a long time ago. + +[u/Additional-Ad5055](https://www.reddit.com/u/Additional-Ad5055/) (wEB3, ZK, ELI5 Guy) + +[u/wetdirtkurt](https://www.reddit.com/u/wetdirtkurt/) (Market Watch Butthole Guy) + +[u/Pharago](https://www.reddit.com/u/Pharago/) (Today's The Day) + +[u/earthysoup](https://www.reddit.com/u/earthysoup/) (OG Trading Sideways Guy) + +[u/BadassTrader](https://www.reddit.com/u/BadassTrader/) (Dorito of DOOM guy) + +[u/mr\_boost](https://www.reddit.com/u/mr_boost/) (Ape News Network | Sign Guy) + +[u/Parsnip](https://www.reddit.com/u/Parsnip/) (German Market Guy | Diamantenhände) + +[u/gherkinit](https://www.reddit.com/u/gherkinit/) (Daily Technical Analysis) + +[u/DR7KE](https://www.reddit.com/u/DR7KE/) (scales Treasury Balance Guy scales) + +[u/pctracer](https://www.reddit.com/u/pctracer/) (Reverse Repo Market Updater) + +[u/JTH1](https://www.reddit.com/u/JTH1/) (Floor Guy Stonkdate) + +[u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) (Not A Cat) + +[u/atobitt](https://www.reddit.com/u/atobitt/) (DD) + +[u/Criand](https://www.reddit.com/u/Criand/) (DD) + +[u/Dismal-Jellyfish](https://www.reddit.com/u/Dismal-Jellyfish/) + +[u/peruvian\_bull](https://www.reddit.com/u/peruvian_bull/) (DD addict) + +[u/yelyah2](https://www.reddit.com/u/yelyah2/) (legendary apette) + +[u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/) (no introduction needed) + +[u/LeftHandedWave](https://www.reddit.com/u/LeftHandedWave/) (RRP Explainer Extraordinaire) + +[u/Chared945](https://www.reddit.com/u/Chared945/) (The Front Deskman) + +[u/kvlyc](https://www.reddit.com/u/kvlyc/) (prolific REAL news poster) + +Thank You All for your Diamond Hands and Dedication to Rebuilding the World. + +Edit: [u/DennisFlonasal](https://www.reddit.com/u/DennisFlonasal/) ***IS*** (an absolute dumbass) +Discover QLC, a new industrial standard for Telecom Networking operations allowing for Institutional and corporate DeFi Services. + +Key points: +* A new industrial standard for Telecom Networking and DeFi institutional services + +* Release before end of Q1: DEX, DoD Platform with telecom and institutional companies invited to join + +* Aims at decentralizing billing and settlement services between institutions + +* QLC Tokens are needed to certify billing and settlement operations + +* Major Chinese Bank backing the QGAS fund. + + +Introduction: + +Holding QLC will provide rewards as it is the token that will be used for certifying data when organisations and institutions want to use the QLC Chain Data-on-Demand platform that is on the MEF 3.0 Standards and its ecosystem. + +In simple terms, most of these institutions and corporations will need to purchase an amount QLC Tokens for a VOTING node that will allow to certify and operate their business services (primarily for Settlements, Billings etc). + +QGAS will be a stablecoin used to allow transfers between USD, EUR, DigitalYuan and other pairings linked to the DEX financial Platform. +This makes QGAS a unique tool helping companies to directly operate business on the QLC DEX. + +In this way, organisations and institutions avoid the hurtles of having to use BTC and other cryptos before engaging with the QLC network. + +This Stablecoin will be backed by a fund issued from a major Chinese Public Bank, which ensures strong financial stability. + +As of now, 10 members of MEF are at various stages of development and on boarding to QLC DEX platform. More than 120 companies are in the process of following. + +Financial operations will be held on main chain, via the DEX. This will be starting by the end of Q1-2021 and will roll out all long the year, increase demand for the QLCs token utility. + +DYOR and feel free to join their telegram group (handle is officialQLCchain) - really good community vibe with lots of solid information. +I decided to do this because I had seen it done for other brokerages here, and I followed the advice to do so with my own shares: + +https://reddit.com/r/Superstonk/comments/ttmujx/guide_to_receive_your_stock_dividend_in_brokerage/ + +For Computershare I haven’t seen a guide yet so I figured out how to do it on my own and figured I would share. + +1. Login to investor center on Computershare website on your desktop computer. +2. On the main portfolio page go to view details on GME +3. click on the Actions drop down menu +4. click on Reinvestment Options +5. select Full Reinvestment on All Shares and add your email address +6. click Next +7. click Submit + + +Congratulations. You have now guaranteed that you will get your dividend as DRSed shares of GME instead of cash. + +As others have stated here, this may not be necessary, but it doesn’t hurt either. I elected to keep mine. + +Edit: Fixed, I had instructions originally that had extra steps because I had already enrolled in the plan, but now I’ve removed those steps to reduce confusion. +Is it me, or is the experian credit boost feel a little shady? +You give access to your bank account, so I presume they can have a little more detailed snoop, and then effectively tell you your next months score. +I'm genuinely interested into any ulterior motives that they may have. +# [https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) + +After seeing u/JustBeingPunny's post [HERE](https://www.reddit.com/r/Superstonk/comments/wfff5l/why_the_dtcc_processed_it_as_a_stock_split_how/) ("*Why the DTCC processed it as a 'stock split', how they helped short sellers and how they created new dividend distribution rules 2 WEEKS before the GME stock dividend*"), I wondered what else the DTCC might have just updated/released before the splividend. + +So I [Google searched the DTCC.com domain](https://www.google.com/search?q=site%3Adtcc.com%2F%7E%2Fmedia%2FFiles%2FDownloads%2Flegal%2F&biw=1728&bih=959&source=lnt&tbs=cdr%3A1%2Ccd_min%3A3%2F3%2F2022%2Ccd_max%3A8%2F3%2F2022&tbm=)\- Only 3 results came back in the last 5 months, one of them being the service guide JBP found in his post: + +The other two: + +* **This "NSCC RULES & PROCEDURES" guide:** + * [**https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf**](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) +* *The "2022 NSCC Fee Schedule":* + * [*https://www.dtcc.com/\~/media/Files/Downloads/legal/fee-guides/nsccfeeguide.pdf*](https://www.dtcc.com/~/media/Files/Downloads/legal/fee-guides/nsccfeeguide.pdf) + * *Probably not a huge document, but including in case anyone is interested as well* + +If this latest **"NSCC RULES & PROCEDURES"** guide is news to the sub, then there are 437 pages of new & updated NSCC rules & procedures released just a couple weeks before the splividend was to be distributed. + +**For the last 15-20 mins, I've been searching the entire PDF for content that's relevant to everything that GameStop just did w/ the splividend, and it looks like there's A LOT in there we want the hive mind to start crawling through.** + +You can bury a whole lotta shit inside 437 pages...amirite Mike Bodson? + +For now, this is all- if anyone finds anything massive I'm more than happy to add to the post body if you'd like. + +&#x200B; + +Happy hunting! :) + +\-E2 + +&#x200B; + +***EDIT: FYI- I searched the sub for this and didn't see it anywhere, so if it's already been posted/discussed, please carry on*** +What unusual routes for educating wild, worldly, capable children have y'all taken? + +Unrealistic as it was, the movie Captain Fantastic struck a nerve with me around trying to raise complete humans instead of school-culture NPCs. Obviously you don't need money to do this, but I'm tryna be comfortable and self-actualized on my own terms at the same time, and I'm not yet sure home-schooling, specifically, is for me. + +What life and educational experiences would you buy for yourself and your children with a spare $50k-$100k/yr? How have you done so already? I'm not opposed to private schools, but I also went to a couple, and I'm not really sold on what's now $50k/yr for 18 years for traditional schooling. + +World-schoolers? Private school geo-arbitrage? Endless-summer across the hemispheres? Un-schoolers? Perpetual bike tourists? Surf bums in Bali? Buying/building a small business abroad in a hobby-adjacent domain you enjoy? Just frequent interesting vacations in a normal-schooling context? Working abroad for a while? + +How do well-adjusted rich people handle this? ;D + +\[add'l context\] + +I left work about a year ago on a \~$4M stash and a toddler, uncertain if I was going to have another kid. Now it's a $5M stash, thanks 'Rona! About 50/50 equities and rental property, with actual rental returns of about 9%, and equities returns of whatever equities return. Blah blah plenty of money, $200k/yr burn rate not a big deal, lots of optionality, my wife and I are both employable AF, no worries. + +Surprise, now I'm going to have another kid! Yay for another adorable kiddo, but boo for expenses! I estimate about $250k in total childcare costs to get two kids to public school age (5-6). HCOL, $25k/yr/kid in a nannyshare, a bit less in daycare. Yeah it gets a bit lower over time, but whatever, it's a number I'm just planning to eat if I have to. + +Since I'm getting used to making it rain, I'm trying to figure out fun ways to grow amazing humans while also having a hella-sweet life for myself and my wife and our outdoors and intellectual interests. I just want my kids to feel like they have some agency, a place in the world, and the freedom and support to do rad shit. + +I want to make sure I spend the money that will make cool shit happen, rather than thoughtlessly defaulting to thrift as I am wont to do. + +When I've touched on this in the regular old FIRE subs, folks (who mostly seem to not even have kids \*eyeroll\*) mostly just get all hung up about how I'm paying for childcare while retired like it's some kind of crime against thrift or shortchanging my toddler or whatever. \*double eyeroll\* + +What have y'all done? +Are here some people who live in Europe and are performing as good as the users from the United States? + +Or is fat fire "harder" in Europe than in the USA? Yeah I know it's not easy as well but i mean comparison. + +I'm from Germany and my family is really wealthy, but the numbers from this subreddit are off the charts. +So I know a lot of folk here run the wheel as their primary option strategy. The wheel has been the cornerstone of my option selling strategy for awhile but I recently been trying out a new kind of wheel strategy that might seem to mitigate some of the downsides of the wheel. While the wheel has its advantages there are of course downsides to the wheel. It takes a lot of capital to sell the CSP and CC’s which makes diversification difficult, especially for smaller accounts. Also, there’s no real downside protection with the CSP or CC. What I been doing lately is instead of selling an otm CSP on one of my wheel stocks I been selling atm or just otm put spreads with a 2-3 week dte . These tend to be tight spreads with fairly high 40-50 delta short puts. Because they are atm I usually collect 40-60% of the width of the spread. If the stock holds or goes up I wait til expiry and keep the whole credit. If the stock collapses then my max potential loss is only the width of the spread minus the credit collected but instead of closing for a loss what I been doing is selling the long position protective put on expiration day and either using that additional credit to roll the short put down and out to an otm csp usually for a break even or slight profit or allowing the short position to get assigned to immediately sell covered calls against the shares. Because of the credit received for selling the initial spread and the credit for selling the protective long put I usually take assignment of the stock with a basis pretty near or just above the current market price regardless of how much the stock collapsed during the time the initial spread was pending. Once you take the shares or sell the csp then you obviously lose the downside protection and it would be a judgment call at that point if you want to do that or just eat the small loss from the initial spread or maybe even roll into another spread. Running the wheel this way seems to allow me to diversify more and get a higher return on capital. Wonder if anyone else runs a similar kind of modified wheel ? +Like the title suggests, I want to see how people manage Covered Calls to squeeze out the most money possible. + +For background, I do \*not\* sell covered calls to make some income on stocks I want to hold. I find stocks whose call options have high premiums, buy the stock, and sell a weekly covered call. My targets are to sell a call about 5% OTM where I can get about a 5% premium on the weekly. The ideal outcome is to have the call finish ITM so I get the 5% growth on the stock plus the 5% premium. Then I find some other stock to do it the next week. + +Sometimes, the stock shoots up way above the strike price and I have opportunity to make even more money. These are the situations I’m asking about. + +Example, on June 19 I bought INO at $14.49 and sold June 26 $15.5 CC with premium of $0.70. Target gain was $1.01 on stock and $0.70 on CC for total $1.71 (or 11.8%) in 1 week. + +Then the stock steadily increased from June 23rd to June 26th up to $32. + +Rather than accept just my target $1.71 I rolled up from $15.5 to $21.5 strike on the 23rd (net debit $3.50 to raise my strike by $6), then rolled up again from $21.5 to $25 on the 24th (net debit $1.79 to raise my strike by $3.50), and rolled up again from $25 to $30 on the 25th (net debit $3.73 to raise my strike by $5.00). I closed the position on the 26th (just before expiry) buying back the call for $0.50 and selling the stock for $28.30 when it dipped below the $30 strike. + +Final outcome was stock gain of $13.81 and net loss on calls of $7.82 on call options so total gain of $5.99 (or 41.3% on the initial $14.49 investment). \*\*\* EDIT Typo - $4.97 or 34% NOT $5.99 or 41% before commissions) \*\*\* + +This certainly doesn’t happen to me all the time, but it’s happened several times – and I’d like to know the best way to get the most profit out of these situations. + +For instance, if the stock starts to go up like that, is it best to roll up in stages as the stock increases or wait until close to expiry and then roll up in 1 big jump? Is it best to roll up “all the way” so the new strike is at the current stock price or to roll up just most of the way (my last roll up was to $30 when the stock was at $32, but then the stock went down below $30 so I know that I overshot and that cost me some money compared to only going up to a strike to $29). + +I want to be aggressive to squeeze out what I can, but I also know that being too aggressive can turn a winner into a loser. + +Similar question for stocks that fall significantly. I try to roll down to capture all the premium I can on a loser. But what is the best technique for doing that? Although I may as well salvage as much premium as possible, I also know if I roll down and then the stock recovers that I might have lost more than I needed to. + +Further background, I know from following this Sub that people may suggest I just do the Wheel if called away or sell another covered call if not called away. I truly do appreciate and thank those people who will make that suggestion. But there are about 9000 stocks on the NYSE and NASDAQ. Once I close my position on one stock, I have about 8999 other stocks to choose from. I really don’t understand why I should stick to that one stock rather than finding another stock to open a position on. + +TLDR – when selling covered calls, how do people handle a stock that really rises (or really falls) to get the most possible out of the situation? + +Thanks +My daughter left her company and has since started to go to school full time. She now received a letter stating she will be charged a percentage for them to keep her 401K since she is no longer working at her company. Is there a better place for her to move her money? Any recommendations? + + +We recently were lucky enough to receive a decent-sized block of cash (\~$750k). My wife and I have always worked to be very conservative with our money, and I know we are very fortunate where we are right now. Hoping to hear any ideas from the smart folks out here on a couple of ideas I have for this block of cash. Very high level of our situation: + +Married, two kids (9 & 6). Living situation: appx 540k mortgage (no PMI), 4.60% interest rate. Monthly payment: \~$3700/month. Kids’ college funds are well-established (over 100k each). We max out our 401k contributions each year, and save about 12% extra for additional retirement savings. No credit card debt. Our cars will be paid off/purchased in 2-6 months. + +I have always wanted to own rental properties that I can use for passive income and investment. With the $750k block of cash, I can purchase 2 (maybe 3) smaller rental properties. I believe the economy will be taking a downturn this year, and my thoughts are that I would wait until real estate prices fall in that environment, and buy on a dip in the real estate market (rather than now, which is somewhat overheated in our market). + +Alternatively, I was thinking that I might pay off our mortgage entirely (it is always shocking when you look at the total amount you pay on a 30 year mortgage), and eliminate the cost of our mortgage, and begin saving the $2800/month we pay towards our mortgage. (About $900/month would still have to be paid/saved towards insurance & taxes.) This would save us over $460,000 over the life of our loan. Another idea I had was to partially pay down the mortgage principal to the point in the amortization schedule where most of my payments would be going towards principal, rather than interest (I don’t know if this is even something I can do), and then use the remainder of the money for an investment property. + +Any thoughts? +In two weeks I will be leaving my job with 40k vested in my 401k. I will be going into education (pension retirement plan vs 401k) so I can't move it into a new 401k. + +What should I do with my 401k from my current job? I've always been someone who prefers to play it safe, but as I've done some high level internet research I worry about taking too back seat of a choice on something so important. + +My local credit union, which we bank at, has the ability to open up an IRA account. I'm not knowledgeable enough to know if this is a good option, or if I'm just more comfortable with it since it's the CU I've used for a few years. + +For context, 30 y/o, so I will be working for another 35-40 years of my life (hopefully), so should get full pension benefits as an educator, and will receive 1,500+ a month after age 55 untaxed (tribal elder benefits). We own our home and with the way the markets are here and how much we love the place, we plan to never move. If it goes as planned will be mortgage free before retirement. My partner also has a 401k. + +Thanks for any advice! +Which banks have accounts that have the ability to create sub accounts within one account? Example: you have a savings account but you have a certain amount dedicated for multiple goals. Being able to see it split up would help a lot. And I’d rather not have to create multiple accounts. +200k combined income. +We max 401k and Roth IRA. + +After taxes and retirement etc. we have about $7500 take home monthly. + +No debt other than $500 a month car loan, $15k left on it. + +House would be a mortgage of about $2700 + +We don’t spend much on frivolous things but do like to travel. $5-10k yearly on travel. + +We don’t have kids yet but plan to in 3-5 years. + +I’m worried that down the line this will be stressful to pay, but I also know our incomes will likely only increase over the years. We don’t want to be house poor, but still want a nice home. + +Am I over thinking this? +25 years old. I have 6 months in expenses in a Savings account. + +I have maxed out my IRA 3 years in a row with vanguard index funds. + +I still have 15k extra cash that I feel weird about it sitting around not accruing interest. + +I can not get a mortgage because I work a seasonal job only 6 months of the year. + +I am hesitant on the idea of putting more money into the stock market because my portfolio is already sitting at 50% cash 50% stocks/bonds. +Took a big step toward killing off my mortgage today. I refinanced last October to 15-yr fixed 3.125% and had a $100,000 balance. I took a chunk of savings, plus my pay from some contract work, plus my state and federal refunds (a total of $40,000) and applied that as extra principal in my last payment. Man it is scary writing checks that big! + +Over the life of the mortgage this automatically saves me $18,400 in interest compared to if I paid full term. It also shaves over 6.5 years off my time to payoff, even if I just make the normal payments. But I'm hoping if I can keep saving at the rate I have been that payoff in 4 years might be possible. + +Pay early if you can! Even small extra payments to principal mean huge savings in the long term. +I have over $50,000 in Barclays online banking, I’m very good at saving and not spending, but now with the stock market crashing so much I’m getting freaked out, I feel like my money isn’t safe, I’ve been told money that is in bank accounts is insured up to $100,000, but am I 100% safe to just keep my money in a savings account till this blows over? + +I only just turned 20 so sorry if this is a stupid question. +Is it wise to be spending a significant amount of money on a property anytime soon? Would an economic depression have any effect on this? The house would be an upgrade and in the region of £1m if that matters. +Hi, + +After seeing this awesome stating we should share more our algos and tips, I will try to share ours. + +We've recently started experimenting with a moving stop loss which follows the stock price as long as I reach my stop profit. + +Basically, when I reach stop profit, I perform the following calculation every minute (taking a Long positon as an example): + + newStopLoss = MAX (price - incrementDeltaLoss, actualStopLoss) + +*With incrementDeltaLoss being a % of the deltaProfit specific to each STOCK / FOREX pair.* + +**Here is the result** on 150 trades over 2 weeks: + +* Profit increased of 18% on winning trades +* No impact on loosing trades + +What about you guys, do you have specific ways to handle your stopLoss and stopProfit which drove significant performance improvement? +People wanted an update to my post of yesterday so here it is. + +https://preview.redd.it/792ecwcp1oj81.png?width=892&format=png&auto=webp&s=28043105181233671ec0e4e05de006dc3ff7e143 + +&#x200B; + +I see that it is very similar to the explanation they offered on Twitter. I had no higher expectations. + +&#x200B; + +Yesterday's post for reference: [https://www.reddit.com/r/Superstonk/comments/sz0z3z/i\_wrote\_to\_simply\_wallstreet\_about\_their\_gme/](https://www.reddit.com/r/Superstonk/comments/sz0z3z/i_wrote_to_simply_wallstreet_about_their_gme/) + +&#x200B; + +Credit to [u/eastbay77](https://www.reddit.com/u/eastbay77/) for their findings. + +&#x200B; + +Obligatory rockets: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +^(character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit) +Currently looking to buy and I hesitate whenever I enquire about a property or go through a home open, not because I’m second guessing myself, just simply because I do not wish to be spammed by agents or potential mortgage brokers I have never reached out to. + +Personally whenever I find spam emails from an agent, it makes me never want to conduct business with that individual +I am a white collar worker working in New York city looking to buy my first rental property in an affordable location. I am looking at Atlanta/Dallas/Austin/Denver/ Tucson at this point which I think are within my price range, and have scope to appreciate as these places grow. + +My plan is to buy a condo close to the city and hire a PM to look after day-to-day operations. Condos in my initial research tend to be within 200-250k. I am preparing myself for a 20% down and 4% closing costs. + +My idea is to close out on total mortgage paying it from my salary along with net rent and treat future rent as passive income. + +Looking for any experiences from out of state passive RE investors. I currently rent in the city, this will be my first property purchase. Any pointers I need to consider as I start this journey. + +Thank you. +My current credit score is 721, I started saving for my first down payment around 4 months ago. I have $9,000 in my savings at the moment and is going up at a steady rate. My original plan was to save about $50k and buy 2 homes in the year 2021. I want to raise my score within 760-780 to get the best rates, or atleast somewhat close to the best. My question is, can I do it next year? I want to buy a duplex or triplex with the FHA loan, I don’t have a long credit history other than a school loan from a year ago, which I will pay off in full in a couple of months and a 2 credit cards that I pay off within the month. I’m expecting my credit score to go up when I pay off my student loan, but I also don’t have 2 years of reliable income earned. Last year was like 7k which is really nothing. This year should be a lot higher as I started working full time out of trade school. If I follow through with my original plan I would have 2 years of reliable income earned, but I was wondering if I can actually buy one next year? If it’s best to wait one more year, I’ll continue saving but if I can do it next year, I would like to start then. Thank you for any responses. + +Edit: actually my credit score just got updated this month it’s at 734 now! + As a recession is around the corner in the UK, many people including myself are waiting for property prices to drop in hopes to buy in at reduced property prices. Although interest rates for mortgages may be higher, the general consensus appears to be that the overall reduction in house price justifies buying during a recession. + +&#x200B; + +However, if most people are aware of this, wouldn't this mean there would be even MORE demand during a recession as everyone wants in at discounted prices? Causing even more supply shortages and for prices to not change at all? + +&#x200B; + +Any explanation would be greatly appreciated! +Who was pulling the strings on multiple brokers to ban clients from buying $GME and causing panic selling as well as margin liquidations? By locking out investors, brokers took away the bid for the stock. The market makers then orchestrated a drop of 371 points, 77% with ONLY 8 million shares traded triggering multiple trading halts. It was brutal, especially, when GME only moved 10-20 points on similar volume on previous trading days. A full comprehensive investigation is necessary. Also investigators must take a close look at what happened to the options during that time. These criminals should rot in jail. + +Edit: This video shows how they brought $GME down 371 points (77%) and also how they brought down the $GME options. It’s a must see. [https://youtu.be/YKNIf2PHvf4](https://youtu.be/YKNIf2PHvf4) +Behöver någon hjälp med DRS? Är det tydligt för er hur man går tillväga eller behövs en guide på svenska? + +Jag själv köpte genom GiveAShare för att få tag i en aktie varpå dem skapar ett ComputerShare-konto åt dig, här gäller också att använda deras "expedited shipping" då det tar lång tid för brevet att annars nå Sverige. Snabb frakt går på ca $35 men väl värt det, då kommer brevet på ca 1 vecka istället för 2-3 månader. + +Så fort man har fått sitt brev med sitt ComputerShare account number så ringer man ComputerShare och identifierar sig varpå dem meddelar dig att ett nytt brev innehållande en pinkod för att logga in på ComputerShare kommer att bli hemskickat. Likaså här värt att betala $35 för snabb frakt. +Du kan i samband med detta också uppge din mail för att få pinkoden dit, får du pinkoden till mailen skickat så får du tillbaka pengarna för snabb frakt. Värt att veta är att alla kan inte få sin pinkod till mailen utan det bedömer dem innan den ska skickas ut precis. I mitt fall så fick jag inte det utan fick då betala för snabb frakt och den kom samma vecka på posten. + +Väl inloggad i ComputerShare så uppges man att fylla i W8-BEN-blanketten för att inte bli skatteskyldig i USA, samma som du fyllt i på Avanza / Nordnet för att kunna handla USA-aktier. + +Nästa steg är att i ComputerShare ladda ner ditt DRS (statement) i pdf format. + +Logga sedan in på Avanza och se till att ha köpt $GME på ett aktiefondkonto, ISK fungerar ej med DRS. +Maila kundservice att du vill DRS dina $GME från ditt aktiefondkonto och hur många, bifoga också DRS (statement) som du laddade ner. + +Klart, Avanza tar nu 2-3 dagar på sig att skicka över dina aktier till ComputerShare! + +Lite osäker på hur Nordnet fungerar men förhoppningsvis kan någon i kommentarerna hjälpa till där! + +Skriv om ni har några funderingar och dela gärna detta till alla 🇸🇪🦍! + +$GME to the 🌕🚀 + +Edit: du kan bara bifoga filer till Avanza inloggad genom hemsidan och inte i appen. + +Edit: Spelling error + +Edit: Total kostnad för att så snabbt som möjligt skapa ett ComputerShare-konto är då alltså GiveAShare-priset för en aktie, dem tar cirka det dubbla av aktuella priset för en $GME då dem också skickar dig en fin replica av en aktie för att rama in och hänga på vägg. Plus kostnaden för snabb frakt ca $70. + +Edit: man behöver inte vänta i två dagar på pengarna flr att flytta pengar mellan avanzakonton, cred till /u/creamymarmalade + +Ja precis, man måste vänta in likviddagen. + +MEN! Det går faktiskt att flytta innan dess. Går man in på sidan [intern överföring](https://www.avanza.se/mina-sidor/overforingar/interna-overforingar.html) (verkar endast funka via webläsaren?) kan man flytta över pengarna från ISK till AF direkt mot en avgift. Då belastas ditt konto med skuldränta för de två dagarna du lånar pengar. Senast jag kollade låg skuldräntan på 5,90% på årsbasis. Skuldräntan dras automatiskt från ditt saldo i slutet av månaden, förutsatt att den överstiger en krona. + +Exempel: Du säljer för 20000 kr och flyttar pengarna direkt. Skuldräntan på 20000 kr blir 1180 kr på ett år, eller 3,2 kr per dag. Alltså hamnar din skuldränta på 6,4 kr efter de två dagarna. + +Kan vara bra att veta att möjligheten finns, om man är rädd att hamna efter om priset plötsligt stiger. Finns säkert ett par personer som undvikit DRS på grund av den oron. + +⭐En apa testade precis detta ovan o lyckades ej, kanske värt att testa med en aktie först för att va på säkra sidan⭐ + +Edit: fyi det tar ca 10 dagar från att du lagt in dina bankdetaljer i ComputerShare till att dem godkänns. Så det kan vara värt att tänka på att vara förberedd om man skulle i framtiden vilja sälja någon aktie. (Själv bidrar msn ju till infinity poolen såklart) ♾️ har man inte lagt in uppgifterna så skickar dem dig en check på posten vid eventuell försäljning +Hey + +Ive invested a sum of money in Aviva over the last month or so while the prices have been low. Today on market opening they've jumped by 10% and stayed that way till close. But haven't been able to find a reason why? Where do you guys find information on this kinda topic? +I'm going to have a few £100k to invest in the near future. Would I be correct in thinking that the wise thing to do is to spread this across several platforms, so that I don't go over the £85k FSCS cover in any one? Also, I'm assuming that with these sums I ought to be looking at the flat fee platforms - iWeb, Interactive Investor, HSBC and the like. Any reason I should consider HL and their ilk? + +Thanks! +Hi All, around August, I opened a S&S ISA with HL and have invested around 30% of my tax allowance for the year in to a few funds. Due to fee’s, I opened a Trading 212 account after HL and invested around a £1000 in to around 10 shares, but decided to sell £500 worth of shares and deposit this to HL and left £500 worth of shares in 212. + +Reading another thread, someone was advised only one S&S ISA should be active a year. If this is true, what should I do and who should I advise? +Good morning all, I'm jumping on the band wagon and asking if my investments look OK going forward. I plan to keep them for 30 years, trickle feeding them money each month. They're roughly an even three way split percentage wise... + +IShares Global Clean Energy, Scottish Mortgage Trust, Allianz Technology + +A further question, would it be a good idea to add Vanguard S&P 500? + +Thanks for taking the time to look +Company: ITV plc + +Current share price: £1.25 + +&#x200B; + +Industry: Media + +&#x200B; + +Book value (NAV): £1.15bn + +Market cap: £5.06bn + +Book value to market value : 4.4x (Strong) + +&#x200B; + +2020 turnover: £2.78bn + +2020 Profit/loss: £281m profit + +Retained earnings: £296m + +&#x200B; + +REVENUE/TURNOVER GROWTH + +1-yr revenue growth: (-15.9%) + +3-yr revenue growth: (-13.3%) + +5-yr revenue growth: (-9.4%) + +Potential growth forecast: (based from 2018 revenue) + +3-yr revenue forecast: 5% + +5-yr revenue forecast: 12% + +10-yr revenue forecast: 28.5% + +&#x200B; + +&#x200B; + +Positive fundamentals: + +ITV has a book value of £1.15bn. At a price of £1.25p ITVs book value to market value is 4.4x, which is very good in todays market environment. The company has £668m cash in the bank and in hand, 16.8% of its total assets. + +&#x200B; + +Why I’m buying: + +ITV is growing and expanding into new markets and the positive fundamentals I provide assert my personal view. + +&#x200B; + +\-- ITV has restructured their broadcast business and created two new business units (Broadcast and On-demand) to better reflect and serve changes in viewer habits and to streamline ways of working + +\-- The ITV Hub now has 33m registered users, up 6%; expanded its content by extending the catch up window and adding short form content; and improved the user experience with increased personalisation and the continuous Hub redesign + +\-- ITV has now successfully rolled out Planet V to the majority of the large agencies; Samsung TV Plus is confirmed as Planet V's first third party publisher partner. + +\-- ITVs global rollout of BritBox is doing well with the successful launch of BritBox in Australia at the end of 2020. South Africa is due to launch in this year and more countries are set to follow. + +&#x200B; + +ITVs business ethics. + +ITV has rolled out various campaigns to help improve physical and mental health and these include Eat Them To Defeat Them, The Daily Mile and Britain Get Talking. ITV is now a signatory to TCFD and has committed to net a zero carbon business for 2030. ITV's Diversity Acceleration Plan is making progress including running external diversity campaigns, such as Black Voices and Black History Month, as well as internal campaigns such as Step Up 60 and additional apprenticeship positions. + +Note: + +&#x200B; + +ITV share peaked in May 2015 at a price of £2.71p per share +According to CNBC, Hargreaves Lansdown, [U.K. stocks are “really cheap” and are a “pretty compelling” buy right now despite Brexit complicating the investment landscape in Britain.](https://www.cnbc.com/2020/10/06/pretty-compelling-uk-stock-valuations-are-at-prices-last-seen-in-2008.html) + +So what do people think? Value, or value trap? Opportunity or liability? + +&#x200B; + +I'm fairly skeptical that it's an opportunity. The UK ETF that I watch has returned about 14% over the past five years, where my world ex-UK fund has managed just over 100% in the same timeframe. It would take a miracle for UK stocks to catch up. + +I can imagine a moderate jump from the FTSE (although equally I can see it falling even further), but ultimately I can't see it matching growth elsewhere in the world, so I'll continue to avoid unless I see something fundamental change. +Invesco have sold their shares in AJ Bell which caused the price to drop 60p. Is this a good time to buy? They were looking pretty healthy before this on a steady rise would prices expect to return to where they were previously? +Just blew my $7k account since January. 5 trades took $5k of that. Anyone able to do 9-5 and trade options? Strategy? I love it but clearly not performing. +So I (22F) bought my used car a few years ago for 9k. It has 150k miles on it, but honestly it runs great and can last many more years. It's a 2011 Hyundai Sonata Hybrid. + +Yesterday, a large Chevy truck with a large trailer attached came down my road. My car was parked in front of my house in the same spot that I park every single day and their trailer destroyed my car. The guy who did it was just not paying attention and was too far to the right.. my car stays parked in the grass off of the asphalt. The damages are very obviously worth more than my car itself, I'm currently in the process of getting an estimate. I already filed a report with the cops and his insurance company, too. Luckily, my neighbor caught it all on camera so I have video evidence of him hitting my car. + +He destroyed the whole passenger side of my car. Ripped off my mirror, both of my door handles, and my rear bumper completely. It is dented up pretty bad along the whole passenger side, so much so that you can't even open the passenger door. + +So, as stated, I'm waiting on the estimate now. I went ahead and sent in photos and videos to Progressive (his insurance company). I'll hear back in a few days but I'm extremely nervous about my car being scrapped and considered totaled as I cannot afford a new car right now. + +I was told I may need to sue, but I was then told that finding a lawyer would cost the same as a new car. I'm at a loss. I have no idea what to do and I've never been in a wreck before, let alone gotten a ticket. I'm frustrated because this all happened while my car was parked at my house. Not to mention, my tags and ID are out of state still so I will probably have to pay the $500+ and deal with my car insurance rising just to transfer my tags to Florida (where I currently reside.) + +Any advice is appreciated. Also, will MY insurance go up for his careless mistake, too? Thanks in advance for any responses +Hi Everyone, + +I've written a (very) simple algorithm that seems to be suprisingly successful which essentially uses market data to rotate between two negativly corrolated assets. However it seems *too* successful to me and I'm wondering what I missed. Could the community please advise on what I can look for in the data to verify results? I've included my year by year results for all test data I have below. Please note that due to strategy limations I can't easily reconstruct before 2011. + + +|YEAR||Average Daily Return|Beta|Treynor|Risk Free Rate|Sorento|Sharpe|Max Drawdown|Outright WIN|WIN - Pair gained more|LOSS - Pair lost more|Outright LOSS|Trades| +--:|--:|--:|--:|:--|--:|--:|--:|--:|--:|--:|--:|--:|--:| +|TOTAL||0.25%|19.7%|1.2339%|0.0018%|2.03|1.47|61.89%|42.36%|12.06%|9.12%|36.45%|146| +|1|214%|0.53%|-71.5%|-0.7334%|0.0008%|3.77|2.63|61.70%|44.84%|11.51%|8.33%|35.32%|7| +|2|264%|0.10%|-92.4%|-0.1048%|0.0006%|0.73|0.50|61.89%|42.06%|6.35%|5.95%|45.63%|15| +|3|376%|0.13%|213.1%|0.0589%|0.0005%|1.19|0.88|37.66%|41.27%|11.90%|9.92%|36.90%|2| +|4|644%|0.19%|186.9%|0.1023%|0.0004%|2.19|1.60|22.52%|40.48%|12.30%|7.94%|39.29%|5| +|5|841%|0.12%|-44.7%|-0.2605%|0.0009%|1.03|0.75|35.65%|41.67%|11.51%|9.13%|37.70%|18| +|6|1180%|0.15%|57.7%|0.2511%|0.0021%|1.38|0.99|32.53%|37.70%|12.70%|9.52%|40.08%||11| +|7|2506%|0.30%|167.0%|0.1747%|0.0039%|5.35|3.46|14.86%|44.44%|11.51%|11.51%|32.54%|28| +|8|2785%|0.07%|268.5%|0.0231%|0.0079%|0.54|0.42|31.71%|42.06%|12.70%|9.92%|35.32%|12| +|9|7224%|0.39%|-44.7%|-0.8428%|0.0089%|4.27|3.01|34.62%|42.46%|16.67%|10.32%|30.56%|11| +|10|12710%|0.31%|-37.4%|-0.8202%|0.0028%|1.56|1.14|44.14%|45.24%|12.70%|7.14%|34.92%|11| +|11|24425%|0.32%|275.4%|0.1144%|0.0003%|2.59|1.92|25.32%|42.46%|11.90%|8.33%|37.30%|8| +|12|43796%|0.46%|122.3%|0.3757%|0.0021%|2.46|1.72|25.16%|45.08%|13.93%|13.93%|27.05%|18| + + + + +1. I've run the strategy via Quantconnect and reviewed it manually. I'm as sure as I can be on lookahead bias I think. +1. I have very little "fitting" involved, only an "extreme" condition to check for on my signal data. +1. I'm seeing daily volume of +500,000 per equity that I'm trading. +Hi all, + +sorry if this is a long one. + +Ok so I've just used a couple of calculators to work out roughly what i will be expecting to get in terms of retirement , and frankly, I'm scared. + +Full details: + +I'm 43 years old.I have around £40k in pensions acrued so far (personal one which I have only been contributing a small amount to for 20 years, and a couple of workplace pensions from the last 7 years or so, some with Aviva and some Nest). + +I'm currently putting in about £365 myself and my employer is putting in £455. + +Both calculators are telling me that i'm going to be ending up with a pension pot of about £800-900 a month. (with gov pension being about 700 on top). + +I know this is entirely my fault for not doing much earlier in my life, but i've only in the last 10 years been earning enough that it feels like its possible to put a bit more in than normal (and also working for a company which actually contributes anything, thanks to the 'new' pension rules). + +So even though i'm putting in nearly a grand a month, I'm still looking like i'm going to get a monthly pension of about £1500 (and presumably that would be taxed too!) + +I'm not going to be able to get by on that, granted my house will be paid off by then, but all the other bills and living day to day. + +I'm actually so worried i'm shaking. + +&#x200B; + +I'm kinda hoping someones going to tell me i've looked at it all wrong. but the realist in me thinks thats hugely unlikely.. + +&#x200B; + +any pointers? + +&#x200B; + +&#x200B; + +bonus question: is there any downsides/reasons i shouldn't consolidate all my existing pensions into my current workplace/NEST pension? +I'm moving to NYC this July and I am about to sign a lease for a studio in West Village/Chelsea area for $2,150. This is my first job out of college and it feels super weird paying this month for rent. Came from a small Virginia college town paying $450/month so this is a huge shocker because paying 1k let alone 2k for a studio is absurd to me. + +My Situation: + +* $110,000 salary with a raise of $10,000 on January 2022 +* Exempt from FICA Tax +* Take home is in between 5000-6000, I really don't know the exact number until I get more info of pre-tax deductions for insurance, 401k, etc. +* \~$10,000 in checking right now +* Non-existent credit score as I am an international student. Looking to build this ASAP. +* No Debt at All +* Can't invest as I will be working directly in a conflict of interest type of situation, a huge no-no. only trades that are approved by the firm, so most likely will be dumping everything into index funds when I start in August ($750-1000 a month...?). +* Plan to max out 401k and start a 'rainy day fund'. + +Am I stupid to pay this high for rent? I want to enjoy my first year in NYC but don't want to go overboard and ruin my financial goals. Essentially would be down to move into a cheaper apartment with roommates if I want to save more down the road. + +Very conservative on spending, spend most of the time in my room playing computer games and the occasional night out on a Fri/Sat night every other week + cook all my meals... well who am i kidding its nyc, might eat out once a week or something idk. + +edit: been reading through all the comments and really appreciate the candid feedback and comments, they're really valuable to me. I'm trying my best to strike a fine line between living an amazing first-year in NYC (as romanticized as that sounds lol) and making decent to above-average steps in saving + +edit 2: **the common question of why I won't look around for other places**; I am unable to do so due to my non-credit history thing + international student status. was fortunate enough to have a friend whose parent's bought a building and was kind enough to allow me to rent one of their units. + +oh no i've been locked, mods help pls :c + +oh yay im free now +Hola, astronauts! + +I've been playing with the charts recently, and it all accumulated into a massive piece of delicious TA, and I’m finally ready to share it. This is my biggest and most important work so far! And I do strongly encourage you to read it, because upon reading you’ll feel like you completed a fucking expensive trading course! Don’t believe me? Try it yourself! + +It all started from my “L'Oreal shampoo commercial”-like hair bet post, where, in its third chapter, I was theorizing about GME's negative beta (particularly in light of the late January events, when the buy button was disabled) and the current general market setup - how it might influence subsequent GME moves. So, I decided to dive deeper into those correlations and deviations between the price movements of GME and other major assets, using January sneeze as the starting point. This led me to a fascinating, tits-jacking discovery that points at MOASS being inevitable (which we all already know), and that it’s happening ETAfuckingSoon! + +Buckle up for the TA journey of your life, let’s ~~dive~~ fly in! + +Oh, almost forgot to quote Jack Black: + +>“This is not the financial advice, no. +> +>This is just a tribute. +> +>Couldn't remember becoming a financial advisor, no. +> +>This is a tribute, oh, to the greatest stonk in the world, alright!” + +&#x200B; + +First things first, it’s a good idea therefore to revisit **late Jan events**, which in my opinion was the moment of revelation and a preview of inevitable storm, when: + +&#x200B; + +# I. The North Remembers: + + + + +[GME v VIX v SP v BBC 30 min charts, circa buy button fiasco ](https://preview.redd.it/r1swlhtxdgn71.png?width=2388&format=png&auto=webp&s=ab455c2007f9fcb416c70aa30b456ac4ce9325ff) + +* GME shares added more than 500% in less than two days, showing off its negative beta in all glory, +* making VIX volatility index explode more than 60% in a single day, +* and injuring SP badly (sharp decline of about 4% in 21 hours). + +Oh, and after reading u/TroubleSwitch post about crypt0currently (creeptoe), I was also inspired to add BBC into the equation, as there is a clear correlational dependence between the two assets (GME/BBC), that will be elaborated later in the next chapters; for now, take a look at how it plunged 16% in two days, and then rallied 30% in two days - all of that price action was taking place just around the time when the buy button was turned off. + +At this point, the thesis should sound something like GME🆙VIX🆙=SP🆘BBC🆘, and vice versa. It will be developed further in the next chapters. + +&#x200B; + +Also, quoting my bet post here: + +&#x200B; + +>Pepperidge apes should remember that during one of the Gamestop congressional hearings Vlad 'the Stock Implaler' Tenev mentioned something about late January events falling into five-sigma category, which scientifically speaking corresponds to a p-value, or probability, of 3x10-7, or about 1 in 3.5 million. He also used such a hackneyed expression as a 'black swan' event. +> +>... +> +>Categorizing January craze as five sigma is debatable to say the least, because Gamestop shares started to skyrocket and multiply in price long before late January, and it doesn't take a lot of wrinkles to understand that the volatility should likely increase further, requiring additional collateral and somewhat decent risk management. However, I'm not going to discuss Vlad's choice of sacrificing Robbinhood users (disabling buy button) in order to protect the solvency of Robbinhood customers (Citadel and co), because that has been done enough times already, and the North remembers. Rather, Robbinhood example and Vlad's interpretation are provided here as a vivid illustration of the fact which we all feel deep inside: there is just too much risk in the market, it is being too much fucking over-leveraged so that even a fucking retail stock broker may easily get margin-called in a matter of hours. It is especially hilarious, considering the fact that unsophisticated actions of buying and holding a particular stock is enough to fuck the system, making the entire house of cards fall apart. The problem is that when you dive deeper, 2008 seem to be a blessing. + +&#x200B; + +At this point I would recommend reading u/peruvian_bull Endgame series, and/or u/Criand the Bigger Short (which most of you have already done, of that I'm sure) in order to develop the understanding of the fundamental processes taking place under the hood of the financial markets. To sum up the core idea: the financial system is over-levereged, way more than it was in 2008, and coupled with the industry poor risk assessment standards, it is heading to the next, coming soon, financial crisis. And, in my opinion, what you can see on the charts above, was a sneak peak of the house of cards collapsing. Disabling the buy button was the only option for the big moni guys to stop (or rather to postpone) the system failing miserably. By bringing this dirty trick into play they were able to ~~buy~~ steal some time, which was necessary for deploying emergency measures and urgent market mechanisms (such as new DTCC/NSCC rules) - which, in turn, are aimed at mitigating the inevitable financial hail**shit**storm, ready to hit the fans. + +There is a plenty of outstanding fundamentals DD on that topic (start from clicking profiles in the paragraph above). As for me, I am the TA type of a wrincle-brained ape, so... + +Let me speak from my ~~heart~~ charts. + +&#x200B; + +# II. Negative beta more beautiful than Catherine Zeta + +&#x200B; + +Let's start from something that you must have heard about many times, but did you really dive into GME exceptional beta? So, what's that thing and why is it so negative? For the sake of saving my and your time, let me quote the almighty Investopedia: + +&#x200B; + +>In investing, beta does not refer to fraternities, product testing, or old videocassettes. Beta is a measurement of market risk or volatility. That is, it indicates how much the price of a stock tends to fluctuate up and down compared to other stocks. +> +>The value of any stock index, such as the Standard & Poor's 500 Index, moves up and down constantly. At the end of the trading day, we conclude that "the markets" were up or down. An investor considering buying a particular stock may want to know whether that stock moves up and down just as sharply as stocks in general. It may be inclined to hold its value on a bad day or get stuck in a rut when most stocks are rising; whereas the beta is the number that measures a stock's volatility, the degree to which its price fluctuates in relation to the overall stock market. In other words, it gives a sense of the stock's risk compared to that of the greater market's. +> +>Beta is used also to compare a stock's market risk to that of other stocks. Analysts use the Greek letter 'ß' to represent beta.Beta is calculated using regression analysis. A beta of 1 indicates that the security's price tends to move with the market. A beta greater than 1 indicates that the security's price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. +> +>**Negative beta**: A beta less than 0, which would indicate an inverse relation to the market, is possible but highly unlikely. + +Essentially, negative beta asset is an asset that tends to move in the opposite direction from the general market. Famous precious metal is one of the good examples: gold and gold stocks have negative betas because they tend to do better when the stock market declines. That is exactly the reason why investors cherish this asset in the turbulent time of recessions, market crashes and corrections, or general uncertainty and volatility - historically gold tends to perform well during such periods, providing the 'safe heaven' to market participants and acting as a hedge. Noice, but this turbulent time we have something special on the horizon. + +\*\*Le wild negative beta unicorn appears\*\* + +[Captain GME to gold](https://preview.redd.it/tt583uiq7an71.png?width=471&format=png&auto=webp&s=280fba85f7a08d460be95458c6aba9e77a695600) + +Many of you must have seen -ß posts like [this](https://www.reddit.com/r/GME/comments/mfhszf/gme_adjusted_beta_23735_bloomberg_terminal) or [this](https://www.reddit.com/r/Superstonk/comments/pm1j5v/were_talking_about_yahoo_gme_float_numbers_but) one, but math and numbers are for geniuses, apes only understand crayons and visuals, so... + +Ladies and gentleapes, with the great pleasure I present you the new negative beta king: + +[GME v SP, daily chart](https://preview.redd.it/l2mfzl278an71.png?width=2024&format=png&auto=webp&s=9ce4c34dbda77beec1b9b3ed79938567b387d794) + +What you see on the chart above is a vivid illustration of GME's negative beta behavior, which commenced during/after the January sneeze. As for SP, the stable uptrend with the minor corrections is evident, while the asset is achieving ATHs on a regular basis. Looking at the superior stonk now and connecting its highs with the median line, we may observe the opposite trend, as the line is descending. All in all, there is a big-ass convergence manifesting between the two assets, which most probably will result in the increased volatility and the explosive GME breakout / trend reversal for SP. We all know who will blink first! + +&#x200B; + +[GME v SP daily chart + Tower of Pisa](https://preview.redd.it/427o0a6d8an71.jpg?width=2033&format=pjpg&auto=webp&s=158b5d5f0535e9e71fd960bf2dee3dd26ce2a209) + +Next, take a look at this chart. Don't worry about GME's Pisa offset here, as it is insignificant for the point I'm making (and I had some struggles overlaying the charts in this case). If the previous chart indicates a longer term negative correlation, the one above is like a zoom in: there is an obvious series of divergences and convergences highlighted yellow and blue respectively, which illustrate negative beta again, but on a smaller scale and with local trends. As you can see, as soon a GME bullrun commences and accelerates, SP dips, and vice versa. I hope, that the examples provided are persuasive, and that they helped you to reach the same conclusion as I did, namely: Superstonk goes up when stonks go down, while when stonks go up, GME is suppressed = GME🆙SP🆘. Should that correlation continue manifesting itself (which I'm pretty damn confident it will), the exciting times are on the way. + +Ok, so 🆙🆘 is a simple concept, but why is it important, you may ask. + +Well, that's why: + +[SP, daily chart](https://preview.redd.it/u6ulu16n8an71.jpg?width=2388&format=pjpg&auto=webp&s=c99fe55f4cc230a6162f27a8a8654a47b6449680) + +SP has been forming a powerful bearish technical formation called the rising wedge, through the past year and a half. Currently it is narrowing down, and the point of breakout is not far away - typically it is to the downside for such a technical setup. Add GME with its negative beta to this equation - if you know, you know. + +But wait, there’s more! + +[SP, monthly chart](https://preview.redd.it/r9t4y5us8an71.jpg?width=2388&format=pjpg&auto=webp&s=6f4c2fe479c4c2c3cb32f7566d610be39298bdd0) + +In one of my TA longwrites, the Big Short 2.0, I identified a beautiful, long term, juicy Elliott 1-2-3-4-5 impulse wave structure on SP, take a look! The investors are currently riding the top of the fifth wave, which is usually the most fun, euphoric and crazily risky. Everything in the nature works in cycles, and all the things that go up, must go down eventually! Considering the current bullrun being one of the (if not THE) most powerful and longest bullruns in history, you can imagine how nasty the retrace may look this time. Especially, when you take into account the fact that current financial markets are filled with shitty synthetic derivatives, excessive leverage of a bad quality, unthinkable level of risk, and... plain fucking crime. The financial world is craving for the correction (like Sahara for rainfall) and a proper bear market, as the deleveraging will make it healthier, and maybe, just maybe, it will bring price discovery back to life from the grave where it has been rolling for I don’t know how long. + +Man, I wish there was a safe heaven asset that would protect me from the upcoming financial typhoon, the price of which would move the opposite way from the overdue nasty correction on all financial markets, which have been enjoying the most powerful bullrun in history for more than ten fucking years... Oh, wait! + +[Le many investors this week\/or next week\/or the one after.](https://preview.redd.it/qnu703ny8an71.png?width=571&format=png&auto=webp&s=824e02178622fd14f0cc6ab71e77c44f70609f68) + +&#x200B; + +&#x200B; + +# III. Chew it Over with VIX + +&#x200B; + +Next, let’s talk about Volatility Index - what I noticed about r/Superstonk, is that VIX is often being neglected in the TA discussions, and in general also, so it’s a good idea to show it some love. Especially since GME and VIX correlate to a considerable fucking extent, but later on that. + +To begin with, + +[VIX, monthly chart](https://preview.redd.it/lybsrca99an71.jpg?width=2388&format=pjpg&auto=webp&s=b15dcfce427436a69cf1c7921d03694f663f59b3) + +The chart above is provided for the visual explanation of how this instrument behaves. In short, markeds kaboom TWIX wroom wroom. In essence, the Cboe Volatility Index is a market sentiment tracking index that represents the market participants expectations for volatility over the coming 30 days. Volatility, or the severity of price fluctuations, is usually helpful to gauge market sentiment, particularly the degree of fear and uncertainty spreading on the financial markets. Investors use VIX to measure the level of risk, fear, or stress in the market when making investment decisions. It is an important index in the world of finance because it provides a quantifiable measure of market risk and investors' sentiments. + +And who would have guessed, throughout the year VIX spikes have been accompanying almost every single GME major run, but for one: + +[GME v VIX, daily log chart ](https://preview.redd.it/kakj4ewh9an71.jpg?width=1969&format=pjpg&auto=webp&s=35ccafd8aa5ffbcb972f4cece6d7e9c8b83b32e8) + +Just one major outlier to that tandem is late November 2020 run. Speaking of outliers, also VIX middle of June 2021 spike seems to stand out from the crowd, as there is no relevant proportionate positive price action on the GME side. Outside of those two occasions, the correlational behaviour of these two instruments is evident. Moreover, VIX and GME runs correlate to the extent that their peaks match time-wise in several run ups. Furthermore, take a look at how starting 2021 four out of five major VIX spikes correspond with the occasions when GME’s price action was trialling $230-ish level (margin call level, it seems) - the price territory, around which my concept of the ‘Purple Haze’ resistance (“break to initiate the squeeze”) is established, refer to the short squeezes comparisons post to explore the concept. The correlational behaviour described above, to my understanding, points at two big conclusions: the first and the most obvious one, is GME🆙VIX🆙; secondly, it seems that GME is currently the biggest risk for the market! - too much synchronicity is present between the two, for this to be a mere coincidence. Remember, VIX represents volatility, fear and stress - wut feelin Kenny? + +Oh, and did I mention? + +[VIX, daily chart ](https://preview.redd.it/mhoypoon9an71.jpg?width=2388&format=pjpg&auto=webp&s=9b47f8e49fa194142f6b4879ebaa5920a33e0ba5) + +During the year and a half, the instrument’s price action has been consolidating into a beautiful bullish formation, called the descending wedge - which is exactly the opposite of what SP is consolidating into. VIX descending wedge + SP rising wedge + GME🆙VIX🆙SP🆘, quick math, and + +[We get an ape’s best friend, Gator the Bubbles Deflator \(the Greater\)](https://preview.redd.it/zqacbwgu9an71.jpg?width=2032&format=pjpg&auto=webp&s=31db903ffce4bf9c40a221cdd1d347a116124bad) + +&#x200B; + +If you know, you know. + +&#x200B; + +&#x200B; + +# IV. You were the Chosen One! It was said that you would destroy the Synth(etics), not join them! Bring balance to the market, not leave it in leveraged darkness! + +&#x200B; + +&#x200B; + +Guys, let’s now talk about creeptoe. As it was mentioned in the first chapter, I decided to add BBC to this analysis taking inspiration from [this post](https://www.reddit.com/r/Superstonk/comments/pk9q5z/coin_is_a_major_domino_in_the_gme_squeeze_saga) and noticing the vivid GME🆙BBC🆘 type of a relationship a while ago myself too. + +First things first, many investors saw and still see BBC and creeptoe in general as an alternative to the traditional financial system and the cure from its imperfections. Personally, I agree with this view, and I do plan to buy the fuck out of creeptoe post-MOASS. However, to quote our heavenly father, Michael Burry: + +>The problem with creeptoe, as in most things, is the leverage. If you don't know how much leverage is in creeptoe, you don't know anything about creeptoe. + + +The creeptoecurrently market is being infiltrated with the filthy tentacles of the traditional financial~~crime~~ system, and I agree with DRMB that heavy deleveraging of the market must take place. But this is the good thing! The filth just has to be washed away, for the system to function stably and self-sustainably. + +And the good news is + +[GME v BBC, daily chart ](https://preview.redd.it/0iqh3192aan71.jpg?width=1315&format=pjpg&auto=webp&s=6d844440b69ae7cc46204faad42454a11a317145) + +that according to the assets negative correlation throughout 2021: BBC🆘GME🆙 and vice versa, which should result in the additional fuel for GME rocket, should the creeptoe deleveraging process, which commenced in April, accelerate. Let’s elaborate the tendencies on the chart above: there is a series of divergences and convergences in which the assets prices have been fluctuating during the year, moving in the opposite directions from each other. There is only one exception to this rule - a period (a month and a half long, starting middle of May), when GME’s share price was declining, while BBC was consolidating during the flat trend. Other than that, the technical outlook and the main conclusion is fairly obvious: GME🆙BBC🆘. + +And then, another piece of puzzle matches the whole picture: + +[BBC, daily chart](https://preview.redd.it/tewo81q8aan71.jpg?width=2388&format=pjpg&auto=webp&s=3fe9145e03c06a095569584e9faed95bc37caa0c) + +Oh, I love this piece of TA! The funny thing, is that I identified the 🌈 fractal (hey, algo! We can see you!) above and warned my creeptoe loving friend the day before the recent crash happened, on the 6th of Septembrrr. As I see it, the two fractals are plying out inside of an identifiable reversed cup and handle TA formation around $30K price level (started incarnating circa 2021), which, in turn is a strong pattern signalling trend reversal. Another important TA principle that strengthens my bearish creeptoe outlook, is that $20K crucial BBC resistance level, which killed 2017 creeptoe bullrun, was broken out late 2020 without(!) the subsequent retest of this level as a support. Levels of that major significance are rarely left without retesting, and I don’t see how this one will be an exception. Furthermore, I am of the opinion, that the downside inertia will send the price into a free fall to taste 12K crucial support, which also fits perfectly as the reversed C&H price target. + +All in all, there is a huge bearish thesis potential for BBC currently, technically speaking, and based on BBC🆘GME🆙 correlation.. + +If you know, you know. + +&#x200B; + +&#x200B; + +# V. This is extremely tits-jacking part. Achtung! You have been warned! + +&#x200B; + +&#x200B; + +Alright, that was quiet a TA journey. I hope that the discussion above helped you to build the solid understanding of what's happening on broader financial markets and how those correlations and tendencies are affecting GME price action, and will probably add the fuel to the rocket in the upcoming major GME moves. Now, the focus of the discussion is back on the Superior Stonk current TA status quo! (yeah, finally!) And, what can I say, it is so fucking juicy! + +Firstly, let me remind you about [this post of mine](https://www.reddit.com/r/Superstonk/comments/pa0tqw/log_floor_guy_was_not_wrong/), which aged like a fine wine: + +[GME, daily log chart](https://preview.redd.it/sdjjdr5iaan71.jpg?width=2388&format=pjpg&auto=webp&s=07158a4b1f0bbd3dd7d055f5bd6b9eb975328ba4) + +The log chart support above proved itself to be an ape's ultimate best friend! As you can see, during the year, each time the price action approached the lower support, a sharp re-bounce followed - August and September confirmed the price line as THE most important support, manifesting the steadfast buying pressure. That pressure is currently confronting the most important resistance for GME in 2021 (magenta line). The battle will be legendary! (Hint: remember the current market setups discussed in II, III, and IV, and the correlations? Based solely on that, what do you think the GME breakout will look like?) + +But wait, there's more! Let's change the viewing ~~tri~~angle: + +[GME, daily chart + the most important resistance + MOAT](https://preview.redd.it/uloh22uoaan71.jpg?width=2388&format=pjpg&auto=webp&s=ce5b28d8d6a6bdfd7cbdefe1b6275eea88f8d640) + +Hm, looks familiar. I swear, I must have seen this TA setup before! Oh... + +[Movie Stonk, daily chart. The analysis I did 4 months ago also aged nicely.](https://preview.redd.it/4flbs6ywaan71.jpg?width=2388&format=pjpg&auto=webp&s=6914a8a87b6d6bb783333795449da9c40689b21a) + +Take a look at beautiful triangular wedge formations at the core of each chart. Superstonk loves triangles, and this love has a fair justification. Triangles incarnate the flattening of the price accompanied by diminishing volatility - for the price action subsequently to make a fucking explosion, should the triangle be broken out. The perfect example of that is theatre stonk’s price action after the breakout. \*\* GME: "Hold my beer" \*\* I'm pretty much convinced, that the triangle on GME chart above is how the Mother Of All Triangles must look like. + +Butth waaitt, therrz moooore! How about a monthly log chart bullish pennant? + +[GME, monthly log chart - the Father Of All Pennants](https://preview.redd.it/gxh6ks3bban71.jpg?width=1668&format=pjpg&auto=webp&s=c3ed75d1c310346a99250b256560223bbc5bf37e) + +What was that? ’Chapter V is so cool that you need a separate memeful TL;DR?’ Say no more fam. + +[You are welcome, dear friend ](https://preview.redd.it/ofzuymmhban71.jpg?width=1604&format=pjpg&auto=webp&s=13933599ecddc8a1ed487e441f909a2c8cad57d7) + +Well, such a good note to end this massive piece of delicious TA on! If you know, you know! See you on the moon, ape comrade! + +&#x200B; + +**TL;DR: there is a strong correlational behaviour which goes like GME🆙VIX🆙SP500🆘BBC🆘, and which is evident when you overlay and compare the charts. According to the current ‘the everything GME’ market setup, GME is ready to moon fuelled by the upcoming massive VIX spike, sharp SP 500 !negative beta rulez! correction (which is way overdue already, as the rally is longer than 10 years and SP is craving the proper bear market), and the creeptoe deleveraging acceleration. Based on the Everything TA outlook, the moment of revelation is just around the corner... There is only one safe heaven to protect investors from the upcoming financial typhoon, which goes by the name GME, so buckle the fuck up, astronauts primates! What a time to be alive!** +I'm not sure if this is right to post in Aus finance since it involves the UK, but I think since I'm asking from an Australian residents point of view it'd be appropriate. Would this effect taxes for me in a good or bad way? Would it be advantageous, disadvantageous or not change my life at all? (besides making a holiday there easier to organise one day?) + + +Before Brexit it would have been way more possibilities since it would have let me into the EU right but oh well haha. +Currently in a decent position with a team that I like to work with. Not necessarily unhappy with my salary, but the recent increases to my salary is just under inflation (5%) and I see constant talk of "get a new job to get a raise". Do people not ask their existing employers for a raise anymore? I am assuming those who are underperforming probably won't get one, but just wondering if people don't bother anymore or something? The thought of applying for jobs, going through training, and then maybe finding out that the old position was a lot more relaxed and flexible, is frankly kinda daunting. +>flexible season tickets allowing travel on any eight days in a 28-day period, with no need to select the days of travel in advance + +Interested to know how much others could possibly save? +So last week my roommate and I sent in our rent checks. No big deal, right? So I wake up this morning and see a mysterious charge on my account saying something along the lines of "*Bank Initials* ACH MORTGAGE PAYMENT." So I call my bank and ask what the heck was going on, and they inform me that they'll block the charge and that the payment was made using my account and routing number. The payment amount was essentially the same as my rent payment, but $10 less. My roommate received the same charge for exactly the amount he sent. The landlord should have to deposit the check and pay for his own mortgage after the money gets to his account. This can't be legal, can it? For reference, we live in Pennsylvania, USA. + +Edit: sorry, the amount that he withdrew was $614 from my checking; my savings was slightly overdrawn for $11 making up the difference. The check I write for my rent is $625. +[https://fortune.com/2022/06/16/cryptocurrency-peg-stablecoin-japan-yen-jgbs-yield-curve-ycc-terrausd/#:\~:text=The%20peg%20in%20question%20is,broader%20economy%20and%20support%20growth](https://fortune.com/2022/06/16/cryptocurrency-peg-stablecoin-japan-yen-jgbs-yield-curve-ycc-terrausd/#:~:text=The%20peg%20in%20question%20is,broader%20economy%20and%20support%20growth). + +Last month’s [collapse of TerraUSD’s stablecoin](https://fortune.com/2022/06/08/citibank-terrausd-luna-collapse-hit-crypto-market/), which promised but failed to maintain a fixed exchange rate to the dollar, heralded the beginning of what may be a new ice age for digital assets.  + +Now another currency peg looks set to fail. Only this time it could vindicate crypto bulls, as confidence in a traditional central bank appears to be evaporating, with potentially ugly ramifications for Americans.  + +While Bitcoin bulls are nursing losses as the original cryptocurrency plumbs [depths not seen since December 2020](https://fortune.com/2022/06/15/bitcoin-bear-market-enters-deepest-and-darkest-phase-hodlers-back-off/), the Japanese yen has fallen even further, marking 24-year lows versus the greenback.  + +The peg in question is the Bank of Japan’s self-imposed ceiling on the benchmark 10-year government bond that restricts the yield investors earn to no more than 0.25%. This helps pin down borrowing costs across the broader economy and support growth. + +Should bond vigilantes dump their holdings overboard in a sign of their dwindling faith, the BoJ steps into the void to buy up excess supply with the help of freshly created yen. This exerts downward pressure on the yield, pushing it back below the central bank’s target level. + +The technical term for this is yield curve control\*,\* but the mechanics are not much different to maintaining a peg—a line is marked in the sand with the implicit warning to speculators that it will be defended at all costs with the full force and power of the issuer, in this case the BoJ. (The practice may soon be introduced by the [European Central Bank](https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220615~2aa3900e0a.en.html) to help Italy fend off bond vigilantes of its own.) + +“We do think that the BoJ will be forced to capitulate at some point,” Russel Matthews, senior portfolio manager at hedge fund BlueBay, told Bloomberg Television, justifying a “[sizable short](https://www.bloomberg.com/news/articles/2022-06-14/hedge-fund-bluebay-is-shorting-japanese-bonds-until-boj-breaks)” on Japanese government bonds.  + +## ‘Between a rock and a hard place’ + +While the foundation behind TerraUSD [burned through](https://fortune.com/2022/05/16/luna-foundation-guard-dumps-bitcoin-reserves-terra-usd-peg/) almost its entire reserves of Bitcoin in a failed attempt to prop up its fixed exchange ratio, the BoJ can in theory print unlimited amounts of money to cap yields on government debt. + +Now it appears speculators are set to test its resolve much the same way they attacked TerraUSD, eventually sending South Korean creator Do Kwon’s stablecoin into a death spiral from which it never returned. + +“The bond market appears to be pricing in the chance of a collapse in yield curve control,” [wrote Jun Ishii](https://www.reuters.com/markets/rates-bonds/boj-ramps-up-bond-buying-defend-yield-cap-undermining-jawboning-2022-06-14/), chief bond strategist at Mitsubishi UFJ Morgan Stanley Securities, in a research note.  + +The unique problem the BoJ faces is that it can defend the peg by flooding the market with freshly created money, thereby sending the yen into a potentially uncontrolled tailspin, or it can defend its currency as an immutable store of value—but it cannot do both, and the market is forcing it to make a choice. + +“The Bank of Japan increasingly seems to be caught between a rock and a hard place,” [predicted NN Investment Partners](https://www.nnip.com/en-INT/professional/insights/articles/the-bank-of-japans-yield-curve-control-strategy-is-coming-under-pressure) senior economist Willem Verhagen before the peg was tested this week.  + +## Tensions running high + +That is, unless it picks a third option—and this is where risks emerge for America’s economy. + +Given Japan’s role as the largest foreign owner of U.S. government debt, with an estimated [$1.3 trillion in reserves](https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/), the dollar could come under pressure if Tokyo starts liquidating its holdings to prop up its own currency. + +“Tokyo could intervene if the yen slides below 135 to the dollar and starts going into a free fall. That’s when Tokyo really needs to step in,” [said Atsushi Takeda](https://www.reuters.com/markets/currencies/japan-edges-closer-intervention-yen-after-rare-govt-cbank-joint-statement-2022-06-10/), chief economist at [Itochu](https://fortune.com/company/itochu) Economic Research Institute in Tokyo, last week. + +If it did, it would mark the Japanese government’s first intervention in currency markets [in over a decade](https://www.omfif.org/2022/06/japan-should-not-intervene-to-slow-the-yens-decline/). BoJ governor Haruhiko Kuroda is set to announce his plans tomorrow.  + +“Tension is heightening toward Friday’s BoJ decision,” Katsutoshi Inadome, a strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo, [told Bloomberg](https://www.bloomberg.com/news/articles/2022-06-15/boj-expands-rates-defense-with-bond-buys-to-curb-futures-selloff#xj4y7vzkg) on Wednesday. + +A failure of confidence in one of the world’s premier central banks would vindicate crypto bulls who believe community-driven governance—of the sort found in the management of cryptocurrencies—can create better outcomes than can a small committee of unelected and unaccountable central bank policymakers. + +## Last man standing + +At its heart, the move toward currencies like Bitcoin started out as a reaction to central banks actively debasing their fiat currency by flooding the market with new money created at the touch of a button.  + +Called quantitative easing (QE), the aim was to counteract the deflationary effect from Wall Street repairing its balance sheet that had become overburdened by debt during the financial crisis. Effectively, central banks were levitating the economy through sheer will.  + +Speculation aside, the crypto bull run of the past few years was therefore an implicit message from investors they had lost faith in the powers that be and sought to unplug themselves entirely from the centralized finance system. Instead they would take ownership over their affairs by shifting to assets like Bitcoin, which MicroStrategy CEO [Michael Saylor](https://fortune.com/2022/05/11/bitcoin-whale-michael-saylor-defuse-fears-over-microstrategy-margin-call/) repeatedly argues is the hardest currency the world has ever seen.  + +On Wednesday, Deutsche Bank’s head of thematic research, Jim Reid, argued the BoJ peg is becoming increasingly expensive to maintain with the yen plummeting 20% in value since March: “They are becoming the last man standing on QE.” + +And while he views a capitulation by the BoJ as a low-probability outcome, it nevertheless poses a high risk for global interest rates. + +“It’s the first thing I look at every morning when I wake up,” he wrote in a research note.  +The number of stories i'm reading on this subreddit about people purchasing large amounts of bitcoin on credit cards, or taking out personal loans to buy bitcoin, or taking out equity in their homes to purchase bitcoin is really starting to scare me. + +This is speculation. + +Bitcoin arose out of the Mortgage Backed Security/Collateralized Debt Obligation/Housing Market Crash crisis back in 2008. If you still do not understand what happened back then, please educate yourself. + +What were people doing? They were taking out risky loans to buy houses in hopes of housing prices would increase and they'd be able to sell for a greater amount. They were taking out equity in their homes to purchase other homes in hopes that they be able to sell for a greater amount. + +Does any of this sound familiar? + +I will probably again be told to GTFO and stop FUDing as people read my other skeptical posts. But I am, in fact, a bitcoin believer, but I'm also a realist, and a great amount of speculation is occurring and we will have a correction (idk when I can't predict that), you can't go parabolic forever. + +TLDR: History repeats itself, if you take out a loan to buy bitcoin please know that what you are doing is speculating, and understand the historical risks involved with speculating. + +Edit: So people are aware. I am not stating that bitcoin will go down now or in the near future. The point I'm trying to bring up is the fact that bitcoin was created out a crisis where mass amounts of speculation occurred (it occurred on both the individual level and bank level) . And I find it ironic/scary that people are now doing the same thing with bitcoin. But hey people will make large amounts of money doing this until they don't. + +Do you believe in bitcoin or do you believe the price of bitcoin will go up? How many people will still be believers if we go down 30%? +Thank you to everyone who replied on my [other post](https://www.reddit.com/r/personalfinance/comments/pami2f/life_insurance_whats_the_average_cost_and_is_it/)! You were right and he recommended whole life insurance as well as term. His reasoning was that whole life is "not market exposed and tax free" and that it's important to have a part of your portfolio that's not market exposed (that was his response when I brought up investing that money instead of paying it toward whole life insurance each month). + +What's the flaw in the reasoning here? I didn't know how to respond because I don't know enough about investing. +There is something which I have never understood in Economics, who are the wealth creators in society? + +In a service sector economy like Great Britain there are lot of business services companies which help make things more efficient (consultancy), add things up (audit), help sell more (marketing) etc. + +However, from what I can tell they don't actually create wealth? Suppose I am the owner of Debenhams (UK version of Macy's), I hire a consultancy to make a more efficient supply chain, auditor to keep finances in better order and marketing agency to sell more goods. + +Hopefully, I have therefore: + +1. Cut costs +2. Understand my company finances better +3. Sold more items + +But have I created wealth? For myself yes, but for the economy? + +All I can see is that my actions, if successful, would bring me greater market share & revenue by depriving the other companies who have not made similar successful actions as me. + +TLDR: How is wealth created (not accumulated from elsewhere) by individuals/organisations in a service based economy? +### Welcome to the first /r/economics Graduate School Question Thread! + +---- + +We are hot in the middle of economics grad application season in the US. Many of our readers are busy revising statements of purpose, trimming school lists that have grown far too long, and politely reminding letter writers for the N-th time. If you have any questions, ask away! + +If you're planning on applying to econ grad school in the future, feel free to ask about preparation and planning too. + +Finally, if you would like to volunteer to answer questions about econ grad school, please post a quick comment below describing your background. In particular, it would be great to hear if there's anything particular about the application process you can speak to (e.g. applying to grad school after significant work experience). + +As an incentive, volunteers will be awarded **special red flair** for your field. Just **PM the mods** with a link to your top-level comment and your desired flair text (e.g. PhD., MA., Finance, Game Theory, etc.). + +---- + +In addition, we now have the following career resources in our /r/economics wiki (thanks to /u/Integralds). There's a *lot* of information here. Check it out! + +* [Online Resources for Grad School Apps](https://www.reddit.com/r/Economics/wiki/career) +* [Advice for Undergrads](https://www.reddit.com/r/Economics/wiki/career_undergrad) +* [Grad School Application Checklist](https://www.reddit.com/r/Economics/wiki/career_courses) + +----- + +This thread will run for the next two weeks. [/r/math's grad school panel](https://www.reddit.com/r/math/comments/5e5d91/rmaths_fifth_graduate_school_panel/) and [/r/compsci's grad school panel](https://www.reddit.com/r/compsci/comments/5e6mtc/rcompsci_graduate_school_panel/) are also running right now, so check them out if you are interested in graduate study in those fields. +Hi Everyone, + +Having seen the post today urging action on FTDs, I wanted to show you what We The Investors has been working on. This is for a second sign-on letter focused on reforms to Securities Lending, Direct Registration and Settlement/Clearing. The letter will lay out a series of reforms and actions we want to be taken. We know this matter is of critical importance to the health of our markets, and if we're able to show a similar level of support as our previous effort (or maybe even more?), we can get in front of regulators and legislators to make sure they are aware of retail's concerns and continue to advocate for important market reforms. + +So here is a list of potential reforms for this second effort. I'm not sure that we should tackle all of them, but these are the ideas that we've come up with. Let us know what you think, what we can improve, what we missed, what we should change, etc. + +*Transparency* + +* **Lending Disclosures**: Investors have the right to know whether their securities have been lent out, and how much revenue the broker has received. +* **NOBO/OBO designations**: Intermediaries should explain to investors the choices they may make as it relates to transparency of share ownership, where shares are recorded in a brokerage account in beneficial format. The default options should always be NOBO, which enables companies to communicate directly with their investors. Shielding holdings from investee companies should be a right that an investor should opt in to. +* **Investor Communications and Proxy Voting**: Investors should be able to receive their communication directly from the company they invest in and not have their shareholding pooled with other clients of the broker, whose interests may not be aligned. Investors should be able to vote directly with the company, and have their voice heard at general or extraordinary shareholder meetings. Their votes should be directly confirmed by the company or its agent. + +*Investor Choice & Control* + +* **Control of Stock Lending**: Investors have the right to decide whether their securities can be lent out to short sellers. Shares should NEVER be lent by a broker or intermediary from customer cash accounts without the investor’s explicit permission and without being debited from the customer’s account. If shares are borrowed by the broker from a customer’s margin account, the securities should be debited from that account to avoid discrepancies in share counts. +* **Control of Registration**: Investors should be able to choose whether their shares are to be held in a brokerage account or in direct registration form in the investor’s own name on the company’s share register. + +*Settlement & Clearing* + +* **FTD Visibility**: Failure To Deliver disclosures need to be updated more often, and include more information, including how and when FTDs are remediated, what type of counterparty is responsible for the failure (bucketed into clearing broker, exempt market maker or custodian), and how long the FTDs remained open. +* **Closeout Restrictions**: There needs to be transparency when the borrow markets are used to cover fails, and located shares should not be able to be used to close out failures-to-deliver, unless the borrowing is recorded centrally and the information regarding the share position is available to the market. With this disclosure, investors can know the market is still short that amount of shares and the borrower must at some point buy back the shares to repay the stock loan. +* **Margin Transparency**: Investors need visibility about estimated margin per security for Clearing Brokers. +* **Netting Transparency**: Investors need disclosure of gross versus net notional or share count per security to help understand trading dynamics and discern the level of real investment versus intraday trading activity. +* **Investor Accounts**: Brokers should not credit securities to a customer’s account on the intended settlement date, or debit the customer’s cash account, unless the broker has paid the counterparty for effective settlement of the client’s transaction. In part this will also help to avoid future discrepancies in share counts. +* The elimination of "fails as a business model" by making them economically unsustainable, through: + * either a **Mandatory Buy-In**: after a short ''threshold period”, the fail should be cleared through a mandatory buy-in rather than the rarely used, voluntary buy-in. + * Or **Interest Charges on Fails**: the buyer receives interest payment on the value of the shares not delivered by the seller, at the share price of the purchase date. This disincentivizes failing until the stock price sinks. + +Thank you for all the feedback - we are doing everything we can to work for change, and to make sure that retail has a seat at the table. + +*NOTE: Reposting with edits to adhere to sub rules.* +Just wanted to make a quick PSA letting everyone know that if they are going to shop at GameStop, try to buy their used products. Having worked there years ago, we were always encouraged to sell used games & consoles over new games & consoles as this gives the company the biggest profit margins. + +&#x200B; + +Okay, folks, I think that about wraps it up. I'm sure that this has been mentioned before but never hurts to remind everyone. +Lost £55,000. + +Was not paying attention and was on autopilot, just doing what it said. Was arguing with my gf via Telegram at the time. Bloody hell. + +Convincing email, convincing site. Fake programme I downloaded was identical to the real thing. + +Hook line and fucking sinker. + +What a mug I am. Had been building up my BTC for seven years and lost it in a few minutes' utter stupidity. + +Amazing to hear Trezor was using MailChimp. + +More amazed that I fell for it: I thought I was savvy. Clearly not. + +Sad times, frens. I have become a Normie McNocoiner. + +:-( + +Edit: yes I entered my keys, because I'm a twat + +Edit 2: a lot of people saying they'd never fall for it. I hope they're right. At the time I had not slept enough, was a bit hungover and was distracted. These are the times when you're vulnerable to doing stupid shit. Clearly I am the mong, but never rest on your laurels. +[Tired of seeing your gains wiped away by the insane levels of Inflation in the US economy? Well, there’s a nifty little government security that can help that even billionaire Bruce Wayne (A/K/A Batman) invests in. So what’s this little known investment that the Batman himself shills?](https://youtu.be/F_MYms0wUmQ?t=1) Savings bonds! You heard me right, savings bonds, [specifically Series I savings bonds which pay interest linked directly to the current inflation rate](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm). The interest rate on I-Bonds [right now is 7.12](https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm)%! That’s a US government security that pays a multitude higher interest than any bank and more than most blue chip corporate bonds are yielding right now. The interest rate on I Bonds is adjusted to reflect the inflation rate every 6 months. At certain points, the Treasury department will also sell I-bonds that have a second additional fixed interest portion to the I-Bond’s yield, however as of right now this fixed interest portion is set at 0% so any I-bonds bought right now are tied directly to the inflation rate only. [Unlike TIPS securities sold by the Treasury department, the principal of an I-Bond stays fixed (TIPS lose value when deflation occurs). The interest rate on an I-bond will never go below 0% in the event of deflation](https://www.treasurydirect.gov/indiv/products/prod_tipsvsibonds.htm). I-Bonds can be purchased directly from the US Government via its [TreasuryDirect website](https://www.treasurydirect.gov/tdhome.htm). + +So, as with anything on here, the question becomes, what’s the catch? There is in fact a limit on the amount of I-Bonds you can purchase, $10,000 in electronic I-bonds per year can be bought through the government’s treasury direct website. [You can also separately buy up to $5,000 in paper I Bonds by electing on your tax return to receive your tax refund in I-Bonds.](https://www.treasurydirect.gov/indiv/research/faq/faq_irstaxfeature.htm) Finally, and most importantly, you must hold I-bonds for at least 1 year prior to being able to cash them in and any I-Bond redeemed prior to 5 years from the date of issue loses the three months of interest preceding the redemption. Unlike some other treasuries, the bonds also cannot be resold to other investors. I do not currently hold any series I Bonds. + +coinexx stole 20k from my father who works 10 hr days everyday just to save his money to trade forex. he had the 20k in his account for a couple months that was untouched then he tried to log in and they called fraud and the next week the money was gone. this fucking company hurt my family more than any person ever could. does anyone know how to recover the funds or could y’all spread this message so that we can raise awareness about how shitty of a pos company this is. +For the past couple months our son, who just turned 17, kept talking about forex trading. It seemed harmless enough and we thought he was just researching it and not actually doing it. I happened to check his instagram yesterday and saw a post about making money on his phone, to DM him for details and a link to Im academy. After telling his dad this, his dad started questioning him. Come to find out he has enrolled in this Im academy and has been paying the monthly fee. He enrolled when he was 16 years old. We are truly pissed and dumbfounded on how we missed the signs. He went from being a straight A student to barley passing his honors and AP classes. He went from being motivated with school and getting into college for engineering to now claiming to want to be an entrepreneur/ business owner. +After doing my own research on this “academy” I have come to the conclusion that it is a scam and shameful business that is preying on high school and college kids. These kids truly believe the bs this company tells them and are being brainwashed by them. Our son is not listening to us when we try to tell him this is illegal and what a load of crap this company is. He said he would get paid $1000/ month by recruiting 30 people into his business. We told him no way 30 people fall for this and his response “there are 7 billion people in this world.” Smh. We took his phone from him. I have tried contacting the company but of course no answer. Any ideas on how we can prove to our son this is a shady company and that he is throwing his life away and or a way to get a hold of someone in the company. He is truly brainwashed by this and will not listen to anything we say. +Can funded account help with discipline? I have been thinking about it and started challenge, my thinking is that it can help me to stick to the rules as i know account will be terminated if violation of rules, which wont happen on personal account and i can blow it again. Its just 2 days yet, but i saw my self forsing to close position due knowing it might get closed account. Anyone got better discipline with funded? Should i play very safe now to pass challenge for remaining days? Any advices from those who been in challenges passed/failed are welcome. Next goal is 100k funded. Dream big :)) +Yeah, their economy is not one of the greates. + +New Zealand is the 54th largest export economy in the world and the 56th most complex economy according to the Economic Complexity Index (ECI). +Their export is mostly Concentrated Milk (13%), sheep and goat meat (6.3%) and Frozen bovine meat (5.9%). +(source: http://atlas.media.mit.edu/en/profile/country/nzl/) + +Here are some facts: +Population: 4.55 million people +GDP: 185 Billion $ +GDP per capita: around 39 000$ + +Now lets get some facts about other random countries: + +South Korea: +Population: 49 Million people +GDP: 1.411 Trillion $ per year +GDP per capita: about 28 000$ per year per person + +Norway: +Population: 5.02 Million people +GDP: 370.6 Billion $ per year +GDP per capita: about 71 000$ per year per person + +Sweden: +Population: 9.6 Million people +GDP: 495.6 Billion $ per year +GDP per capita: about 51 000 $ per year per capita + +Singapore +Population: 5.34 Million people +GDP: 297 Billion $ per year +GDP per capita: about 53 000$ per year per person + +United Arab Emirates: +Population: 8.28 Million people +GDP: 348 Billion $ per year +GDP per capital: about 38 000$ per year per person + +Perhaps i'm missing some other well developed countries, which are not considered as forex majors and which have bigger economy than NZ. But the question still remains: Why one of those countries is not considered as forex major currency, but NZD is considered as such? + +Is it considered as a safe heaven alltogether with Switzerland and Japan and why is it so? If that is true, why are there so much safe heavens in the forex major pairs? + +Thanks. +I started forex a couple of months ago and I filled my brain with technical analysis,market structure and candle stick patterns,these three topics have helped me grow immensely. + +Now I'm still learning,one of my biggest problems is my mental(physiology) +I get too anxious sometimes leading me to over think and that's something you wanna avoid,all you have to do is analyze then let it play out,and respect the stop loss! + +Just wanted to share this,don't know why. +But if yall have any suggestions on helping me grow,I'd love to listen. +I have a question for you. There have been several quantitative focused traders on this sub and elsewhere who have made many comments about there being no statistical significance of alot of indicators/trade methods (for lack of better words) common to trading. When I say indicators/trade methods I mean anything fibs, moving averages, oscillators, elliot wave, etc. Many comments made to the effect that fibs are useless or ma crossovers don't work, this inidcator gives no statisitical advantage and blantantly dismiss any mention of the indicator/strategy. + +&#x200B; + +Now i always try not to be ignorant and open minded so I am looking for an honest answer. + +&#x200B; + +What if for example I had a strategy that used a fib level, now I only use this certain fib level ( which is only measuring the percentage of retrace after a swing) to indicate when to buy after a few other conditions are met and when all condition are met I am able to trade with a profitable edge in the market. + +How can you disprove this with a simple statistical measure of correlation?, you have not tested in on a conditional basis how can you statistically say that this or that does not work, dismissing it and dissuading people from even looking at it. + +&#x200B; + +I ask this from genuinely curiosity, i have a fairly good knowledge of statistic but lack in alot of the application. + +&#x200B; + +Here is a little example, put a 14 ema on your chart and notice how in strong trends, price bounces very nicely off of the ema. Now i am sure people will say moving averages are useless and have no statistical significance but you better believe that if I am in a trade and see a good price action bounce of a 14 ema I am definitely staying in the trade. +For those who want to invest in oil stocks, a piece of the puzzle that you cannot ignore is the fact that US producers have differing strategies for hedging oil price movement, potentially limiting both their upside/downside. Despite a record FY2021 of operational cash flow, many of the US oil stocks are sitting on big a pile of unrealized losses due to their hedging. Don't be fooled by management's obfuscation. This is real loss that need to be dealt with at some point. + +This hedging could partly explain why, even though when WTI rallied to $80/bbl, oil stocks still languish at 30-60% below their pre-COVID levels (and also because the companies ate away a lot of shareholder's equity to survive COVID). + +Even if you're bullish on oil price and want to invest in the oil stocks, you need to look at the way the companies you invested in have their hedging strategies. One of the thing I predicted is that the upstreamers will start diverging in performance come 2022 because of their hedging strategies starting to diverge significantly. Many of them have stated during earning calls that they will no longer hedged at the same level as they did in 2021, thus making their income stream more affected by a rise or fall in oil price. + +If you look at the chart in the WSJ link below: + +[https://www.wsj.com/articles/oil-companies-got-their-hedges-clipped-11638273780?mod=markets\_lead\_pos11](https://www.wsj.com/articles/oil-companies-got-their-hedges-clipped-11638273780?mod=markets_lead_pos11) + +Most of the oil companies on the chart hedged about 50-75% of their total production in 2021, thus severely limiting their upside when oil price rose. Come 2022, some companies have stated that they will no longer hedge most of their production going forward. This could be a blessing or a curse depending on what oil price will be in 2022. One thing is for certain: you can't rest on your laurels just buying any US producers without thinking about their hedging strategies. +Long story short, my dad was my business partner, we didn't have a great relationship so we stuck to just business. He very suddenly and unexpectedly killed himself last week. Been left with this void where I'd normally call him and say " hey look at this maybe we should buy/sell it" and now I got no one to do that with. It's weird. I've always believed this stuff is done better in teams. People think of things I don't and vice versa. The repertoire is important for success I think. So anyone thats willing to shoot the shit about this stuff, please contact me, I'd appreciate it. +I have been messing around with an options profit calculator and have stumbled across something. I obviously can't be the only one to have ever found this, so am asking for help understanding this. (i know I am using friday's data, so prices will change by monday) + +Looking at $CCIV in my example here. + +Buy June 4 $14C for 5.80 + +Sell June 4 $15C for $5 + +Net cost is $80 ($0.80x100) + +At expiry the difference between these is $100 ($1x100) + +Profit of 25% in a week. Max risk of $80 which is only an issue if the stock drops below $14.80 (i know this is possible, but seems unlikely). Would likely close out these positions a bit before expiry. + +The key for this to work is finding options where the difference between the premiums is smaller than the difference between the strikes. Takes a bit of hunting, but certainly not all that hard to find. + +Can someone point out why this doesn't work? It seems to me that it should be a pretty damn good risk-reward, but the market never makes it this easy so I am obviously missing something. + +Cheers! +I see posts here talking about opening 30-45 DTE positions, then closing or rolling at 50% profit. + +Has anyone considered just opening new positions to get the total outstanding premium high enough? Either that or adding new positions overall to get to 1.5x the initial position and then let it roll off slowly. + +Reasons: isn't it expensive to roll every position? That means that you're signing yourself up for 2 trades with every position instead of 1. That would double trading costs. If you're selling a $1.50 option, it might be as much as 2.5 or 3 cents of value lost every trade, so double that gets to 4% of the total value of the option, which comes straight out of your edge + +Additionally, closing at 50% and buyback usually translates to some delta. Does this mean that ~15-25 delta options are best to sell, but when do you buy back? at 5-10? Does this mean that we're buying 5 delta options? If yes, then why? Why not sell 5 delta? + +Summary: + +Scenario 1: roll at exp + +Scenario 2: roll at 50% value + +Scenario 3: bring time value up to 100% when it drops to 50% of targeted position size + +Scenario 4: add 1 unit of position when time value drops to 50%, so you're up to 150% of targeted position size +Hey all, + +I’ve worked in the market for a good few years & currently work for a lender. + +Happy to answer any mortgage queries - no question is “stupid” if it’s genuine. It can be confusing and stressful. If I can’t help I will try to point you to resources that can rather than provide misinformation. + +If this isn’t allowed mods, let me know. I couldn’t see that it was against the rules and I’m happy to discuss with you further if required. + +Take care, + +giraffe +Brief search didn't yield any obvious results - how many cars do you have at your primary residence? I find myself at times needing/wishing I had something larger for people/stuff hauling and long road trips. The "weekender" coupe and the luxury sports sedan bring the fun factor but lack the space. The "beater" small size hybrid SUV is practical for quick around town trips and short commutes to work for the misses. That's 3 cars for two drivers (all newish/new models and paid off). + +Curious if those that are able have multiple cars to fit specific purposes or get a single versatile car for each driver in the house. +Been in crypto since 2013, and I’ve seen my fair share of projects in this space. I invested in the ETH ICO, getting my ETH at ~$0.30. I entered at the height of the bull market in November 2013, when BTC was growing by $100+ a day for the first time ever. I bought in at $800/BTC through Coinbase, after Mt. Gox rejected my sign-up (thank God). I remember memcoin, feather coin, colored coins. I remember feeling like I missed the boat on Bitcoin. When I read about the ETH ICO, i threw some BTC in “just in case it ever goes the way of BTC.” Six months later they were calling VButerin a scammer. + +I remember when ETH hit $20 for the first time on June 16th, 2016; only to be immediately whacked back to $7 within a day because of the DAO hack. (“Fork You” anyone?). + +In 2017 I saw the rise of ICO’s as the ETH network became a star, and *knew* that the next best things in crypto would be coins like Iconomi (ICN), and Request Network (REQ). Did you know people used to actually debate on this sub whether ETC was better than ETH? People used to mock anyone who thought BTC would one day go to $10k. + +And let’s not forget EOS! The never-ending ICO that could be bought and immediately resold for profit… + +Every coin saw its rise and every time a coin exploded it was “*finally* true price discovery!” “Great team” “awesome project” “I truly believe!” Etc. + +Guess what? It’s all shit. GME showed us that there is crazy manipulation happening in the *cough* heavily regulated *cough* stock market—and crypto, by comparison, is still very much the Wild West You think there is not ten times as much manipulation here? + +Almost every pump you see is orchestrated. Almost every crash is designed to make someone, somewhere money. + +There are a variety of factors that determine this market, and orchestrated pumps are just one of them—crowd psychology is another one. + +And guess what? SOL did not rise 10x in the past two months because it’s an “awesome project” “great team” “white paper” etc. It’s because for someone, somewhere (most likely the team), the stars aligned and they realized it was the right opportunity to start to pump. And then everyone caught on and it went crazy—and now those guys who started the pump have sold. + +But you will hold. Because unlike those sellers, unlike those nasty *profiteers*, this is a “5 year investment” for you. You’re a *true believer*. You read the white paper. You *trust the team*. + +But don’t worry, this is just a “correction” and “it will pump again”—and it probably will, because the guys at the top can still make a lot of money off of this momentum. But one day it will fade, like almost every other project that gained recognition because of its price and the fanboys will be left in their own dedicated subreddit, demanding answers about this or that from a team that has checked out long ago. + +Listen folks. Crypto is amazing. Crypto is absolutely the future of finance (and the internet as a whole). But the sooner you recognize the way this market works, the sooner you’ll start to make some real money. Hodling is for suckers. +From Saturday's Wall Street Journal article on AMC: + + +"As the (AMC) stock rocketed the next day, day traders exhorted each other not to sell, flashing images of diamond hands on social media to signify the strength of their commitment. But back among AMC's long-standing investor base of Wall Street players, there was money to be made. Silver Lake, which held a $600 million investment in the company's bonds, immediately capitalized on the rally by converting the debt into equity and liquidating its entire position, capturing a $113 million profit." + + +When I read this I was really pissed, until I read on and saw what it meant for AMC . . . + + +"Silver Lake's quick decision amounted to a material gain for AMC. 'It was immediately beneficial...cause we got rid of $600 million of debt,' Mr. Aron said." + + +"Mr. Mahmoodzagedan, AMC's investment banker, said, 'The retail investor (that's you beautiful smoothbrained retards) clearly had more faith in the long-term viability of this company than a lot of the institutional investors did.' That, he said 'gave the company a major life-line. The retail investor really helped create that bridge to a post-pandemic future.'" + + +Remember this for when they haul you in front of a Senate Inquiry like they did DFV. "We save American companies. Wall Street short sellers destroy them. I am not a cat. I am the savior of American businesses." +**I just cant stop day trading. I was euphoric when I turned 1k into 5k, then I lost the 5k and put another 1k in, which resulted in getting my portfolio to 3k and then lost that. In total, I'm down around 11k, but I cant get it out my mind that I have to win back all the $$$ I put in.** + +**Any advice? Everyday I want to put more $$$ in and win back my lost 11k, but I don't want to lose everything trying to get my lost money back! I don't know what to do, all I want to do is trade and I know this is bad! The only thing in my mind is getting my losses back!** +Hi, the market has dropped very much recently, and it is not known where it will move tomorrow, I have almost all the deposit in fundamental coins that are staking ($ ADA, $ NEAR, $ AVAX, $ SOL), and to be honest, I I don’t know what to do, is it worth keeping them, or translating them all? deposit in stable coins. I believe very strongly in these projects, and I know that they will be very expensive, but the fact that Bitcoin is falling may prevent this. +An article on [Nasdaq](https://www.nasdaq.com/articles/gleec-btc-exchange-acquires-blocktane-brazilian-crypto-legislation-progresses) discusses how the Federal Senate of Brazil passed a bill that legalizes the use of cryptocurrencies as a payment method within the country, leading to more crypto exchange giants purchasing smaller projects to own more market share. With this government acceleration, do you think South American nations will be the first to mass adopt and regulate crypto as a payment? +A government mining Bitcoin with clean volcanic energy. Am I dreaming? It’s incredible how ahead of everyone else President Bukele is. El Salvador is at a massive advantage as Bitcoin spreads across the world at an exponential pace. + + +Most politicians are all talk and no action. So, pleasantly surprised. The rest of the world will understand the importance of this. + +The video of Bitcoin mining with volcanic energy was posted by president Nayib Bukele on Twitter. + +Here is the link: https://twitter.com/nayibbukele/status/1442949756993490945?s=09 + +El Salvador moving towards being Richest country in the world. + +More adoptions are likely going to follow in future. +[https://www.wsj.com/articles/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800](https://www.wsj.com/articles/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800) +My mom went to the ER, got checked out, was fine, didn't have a ride because it was 2:30am, so the ER just sent her home \*in an ambulance\*. They didn't even call us to see if we could come pick her up. She doesn't have a cell phone or driver's license, but they had our phone numbers on file. In no way did she need to be sent home in an ambulance. The hospital just did it for their own convenience and liability concerns, I believe. My mom doesn't know anything about money and was just ready to go home so she didn't argue with them. + +Naturally, Medicare denied coverage of this ambulance trip because it was medically unnecessary. The ambulance company sent us a bill for $1,500 to drive her literally two miles back to her home. The hospital is basically saying too bad, it's between us and the ambulance company. The ambulance company said we took her home in an ambulance because that's what the doctor said to do. I looked into appealing Medicare's decision but there is no basis for an appeal. What can we do? This is outrageous. +I’ll give one: my partner & I both use woolworths mobile plans which also provides 10% off a shop per month. We can rotate allowing us to save about $40 per month on our groceries. +Not affiliated in any way other than a fan of the project and member of the community. But all of you crying about what GameStop is doing are missing the big picture. This is all being built and it’s close. Own your own assets. +AAPL was the first U.S. company to reach a 2 Trillion dollar market cap in 2020. + +It begs the question. When will AAPL, and other Trillion dollar companies, reach their peaks? + +I’d like to believe AAPL can double in value again over the next few years, but that would mean that AAPL would have a 4 Trillion dollar market cap? Would it not? + +How realistic is it that these Multi trillion dollar companies like APPL and MSFT, keep growing at the rate they are, in the future? +33, M, single, no debt. Living near Asheville, NC. +Monthly expenses $900 month ( every expense ) + +$25,000 saved, in bank 1k in stocks. + +$16 hr easy overnight job. 1.5 savings each month net. + +( I can make $25 in any factory, but choose not to ) + +Considering going for my real estate license. + +I'm planning to save $100k and buy a multi family home, 4 unit or less, anywhere in the country with a growing economy / population. + +It will take about 3-4 years to hit 100k + +Any word from experienced landlords ? + +Save and buy a foreclosure ? +10% down, or 20% down on a lower value property. + +In theory, I could buy a 300k unit tomorrow with my savings ? + +I see a ton of inflation,and I'm not sure what that means for me ? In relation to this goal. + +If see on real estate sites " 7% net return with 100% occupancy listed. ". In " nice " cities/ neighborhood. + +Then I think, x % of. $. 700k is better than $500k, and better still than $300k. I need about 24k return to... Let's say work every other year, and one year off. ........ So, the more I can buy, the larger the loan, the lower net return I can accept to reach my personal living budget (24k) Yet the higher I go, the more risk I generate if the economy collapses, or I have severe damages, or renter issues. + +Never purchased a home. +We just learned that my father in law has added my wife to at least one property deed when she was a minor. The house he is currently living in, and potentially 2-3 more that he owns. I’ve seen a ton of websites explaining why this is potentially a bad idea for HIM but what we want to know is how does this negatively affect HER? Does this affect us being first-time home buyers in the future? Does this affect her taxes? Any other major reasons we should get her off the deeds? Will removing her from the deeds fix the problems? She’s currently having a anxiety attack worrying about how his bad financial decisions may have affected our future. Please help. +I have a property that I did a lease option to buy about 3 years ago. Today was the deadline for them to tell me if they are going to buy the property for the amount we agreed 3yrs ago. Property is now worth $1-200k more than agreed price. Also part of the original lease part of monthly payment goes towards purchase price but is agreed if they do not buy they do not get that back. Now that the option deadline is up I am not sure how to proceed. Has anyone run in to this before? Not sure how to move forward. DO I be nice and offer an extension or just move forward with renewing lease with them? +I'm 28 and I have been looking into investing in stocks. Just wondering if anyone had any advice on successful investments with a $1,000 personal limit.🤔 +I am 21, no debt, and after rent, car, and all other bills, I am left with an extra 500$ish a month. + +I've invested some money into crypto, as well as the stock market. So far my returns have been very Good, however I want to look at other options to diversify my income. + +So what options would you recommend that I look into? I have an emergency fund and will keep that, I am just looking to branch out as much as I can to see what I like best, and focus more on that. + +Edit: thanks for all of the advice, hopefully this post helps out more than just myself +https://preview.redd.it/6uau4fn478891.png?width=640&format=png&auto=webp&s=a05d387e50926a339f5ab22dcb508699123050c6 + +Maxine Waters was involved in the Congressional Hearing of Gamestop vs Robinhood back in Jan/Feb of 2021. After Robinhood forcefully turned off the Buy button but still let investors sell, the DTCC let Robinhood off the hook by Waiving 9.6$ Billion in Collateral obligations that Robinhood owed. More than Robinhood had at the time. Screwing over investors and denying them of a "free market". + +This report was released on the same day as the Roe Vs Wade Overturn and was overshadowed completely by the MSM. They don't want you to see this. + +*Oritinal poster: u/*[*XSlapHappy91X*](https://www.reddit.com/user/XSlapHappy91X/) *\[Had to repost due to the inability to cross-post\]* + + +Report: [https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) +Obvious throw-away account. I've been lurking here since 2013 and started buying my first two coins during the 200 USD bubble. After the subsequent crash I thought "this is bullshit" and forgot about btc until the next 1K bubble. I started to buy more and soon was deeply in the negative. There were two factors that kept me from selling my coins through the following hard 2 years and actually accumulating my position. +1. I started investing in shares and funds at the peak of the stock market in 2007 and made huge paper losses. I needed a lot of patience to hold through the next 7 years to get back to my entry point and eventually even make a little profit. I tried only a few times to trade stocks but soon realized that my fear and greed was not helpful in trading so i just held my positions. The same strategy I thus applied to Bitcoin because it had worked before. +2. Bitcoin is something completely new and whether buying it would ultimately result in a profit can not, as with shares, be inferred from past experience. Although understanding the concept of bitcoin by reading the satoshi paper, it was mostly the conviction and argumentation of the hardcore nerds here(and lots of very smart people in this subreddit) that made me believe in btc. Without them I would never have invested so much and held through the numerous nerve-wracking dips. +Therefore I want to thank all you crazy beautiful people in here ...cheers !! AMA + +A literal cornucopia of dipshits. I didn’t invest to stick it to the man. I invested to make money off of their stupidity, and because I believe in the leadership. The reason they have that big bronze bull in front of the exchange is to idolize optimism and belief in our investments. A bull market. If they had invested OTHER PEOPLE’S MONEY long on stocks they believed in, they wouldn’t be facing down the barrel of defeat by an idiot in Tennessee and his crayon-eating band of Forrest Gump’s. +I'm not understanding current market situation at all - pardon my nOObness but I need some help from the veterans here to understand what is happening. + +Everywhere I see a bear market. I'm invested in stocks, real estate, mutual funds ( India) , mutual funds ( US based equities), cryptocurrencies. My worry is that each and everyone of them is decreasing. + +Now my question is - where is the money going? There must be frontiers of investment which pleb like me isn't aware of. +Greetings all! I have been a long time subscriber to this sub, but I am first time poster. + +I wanted to share my story so far and discuss the idea of slowing down on savings a bit and taking a lower stress job. + +First, here's my background. + +Currently 31 years old, married (wife also 31), no kids (yet) and we're renters. Probably easy to guess, but we are living in the US. + +I was lucky enough to meet my wife in college, and, thankfully, as soon as I pitched the concept of FIRE to her, she was fully onboard with saving more of our income than we spent (though she didn't quite believe it was really possible at first). + +My wife and I were very fortunate to come out of college with minimal student debt (\~$3K). We both had scholarships that paid for 100% of our tuition and most of our room and board. Both of our families did help with living expenses, providing maybe $3000 or so per year in college. This allowed us to avoid serious debt, which we are very grateful for and recognize gave us a leg up in our FIRE journey. + +I graduated with a mechanical engineering degree in 2013 and started work immediately in the energy sector (equipment supply to be specific). The wife also graduated that same year, but took a bit longer to find a job in her field. She worked a retail gig in the meantime to help supplement our income. Neither of us started with salaries that were out of the ordinary, so we focused on reducing our expenses as much as possible (or at least as much as we were willing) to get the most out of our paychecks. + +I continued working for the same company I started with for nearly six years, receiving mostly modest raises throughout that time. The wife eventually found a job she loves and has been with her company for five years or so. She does well for her field and has received decent raises throughout her time there. + +In early 2019, I moved to a new engineering company (still energy and equipment, but in a different part of the industry) and received a substantial pay increase (\~50%). The position is in project management. This new job came with a lot more stress to go along with the larger paycheck. I have managed to work at this new company for two and a half years now and have been able to set expectations so that I have work/life boundaries I've been able to live with. The main thing I dislike about my current job is that because I work with an international team (Asia, Europe, US), I almost always have 7am or earlier calls in the morning and at least once a week have a call at 9:30pm. Usually in the middle of the day things are very relaxed, so I really shouldn't complain too much, but I am quite tired of the early morning schedule with occasional late night obligations mixed in. The global scale of the business isn't all bad. It actually was almost all positive at first, because I enjoy working with other cultures and it allowed me to travel the world in a short time (pre-pandemic and, unfortunately, without the wife). + +Below are our financial stats overtime. + +**Current Household Income: $194K** + +* 2013: **$90K** (Me: $65K; Wife: $25K) My first engineering job out of college and wife was in retail. +* 2014: **$93K** (Me: $68K; Wife: $25K) +* 2015: **$89K** (Me: $74K; Wife $15K) We moved to a new city and my wife was only able to do part time work for the first few months. +* 2016: **$117K** (Me: $75K; Wife $42K) Wife finally got her dream job working for a large firm with interesting projects). +* 2017: **$128K** (Me: $82K; Wife $46K) I was able to get a 10% raise at my first company, because they were afraid I would leave. The wife's company is pretty good about giving her consistent near 10% raises annually. +* 2018: **$132K** (Me: $82K; Wife $50K) There was a raise freeze at my old company due to market conditions. +* 2019: **$176K** (Me: 121K; Wife $55K) This is when I moved companies and received a significant salary increase. +* 2020: **$185K** (Me: 125K; Wife $60K) +* 2021: **$194K** (Me: 129K; Wife $65K) + +**Net worth Over Time** + +Note that the totals were taken at end of each year (except 2021 is YTD). + +* 2013: **$18K** (was not maxing out 401k at this point, as I was not educated in FIRE yet) +* 2014: **$35K** (this is the year we became fully committed to FIRE) +* 2015: **$80K** +* 2016: **$132K** +* 2017: **$255K** +* 2018: **$315K** +* 2019: **$456K** +* 2020: **$740K** +* 2021: **$914K** + +**Net Worth Breakdown by Account** + +* 401k: **$300K** +* IRA: **$350K** (includes 401k rollover from my first job) +* Roth IRA: **$77K** +* HSA: **$38K** +* Brokerage: **$123K** +* Checking/Savings: **$45K** (Is this too much cash? We were thinking of buying a house so we've kept cash than normal lately.) +* Car Loan: **($19K)** We recently purchased a new car and traded in our two older vehicles, consolidating down to one. Was a bit of a splurge for us, but so far we do not regret it. + +**Annual Spending** + +Our spending habits aren't as restrained as many folks on this sub, but we try our best to limit spending while not stressing over it too much. Other than housing, we spend most of our money on travel (usually two overseas trips a year and at least one ski trip per year) and food (takeout and groceries). We try to eat as healthy (as little processed food as possible), so a our grocery bills tend to be a bit higher than average. We also give a few thousand dollars to charity each year (shoutout to [Givedirectly.org](https://Givedirectly.org), which is my go to lately). + +* 2013: **$40K** +* 2014: **$47K** +* 2015: **$40K** +* 2016: **$51K** +* 2017: **$59K** +* 2018: **$73K** (we got married this year and spent about $20K on the wedding plus $6k on the honeymoon) +* 2019: **$63K** +* 2020: **$56K** +* 2021: So far we are tracking to spend $70K, but plan to dial it back so will hopefully land closer to $60K + +As I mentioned, I'm currently in a job that I am not in love with, but pays probably the highest end of the salary range for my experience level and industry. My current job does not allow me to really "turn off" and if I were to take a vacation, it would not be possible to completely disconnect. My previous job did allow this, and it made travel and work life balance so much more enjoyable. + +The wife and I are at a stage in life where we want to travel as much as possible before potentially settling down to have kids in next couple years. The pandemic year was supposed to be our year to get our international travel out the way, but you all know how that went. We are looking to move back closer to family so that when we do have kids, we would be surrounded by our loved ones. + +I was recently offered a position within the US government as an engineer. The job would come with a substantial pay decrease, but is located near my family and the agency would pay for my move. It also includes four weeks of vacation time and two weeks of sick time (plus an additional ten or so days in federal holidays compared to my current job). From what I've gathered from talking to a friend who works for the federal government, the work life balance is topnotch, which is very enticing. + +However, as I mentioned, the pay decrease is significant. I'd be going from my current $129K salary down to $92K. I am a bit conflicted about taking the lower salary for a, hopefully, more enjoyable work life balance. With that said, after saving heavily for the past eight years it feels like the right time to start focusing on transitioning into a less stressful lifestyle. + +Does anyone else have plans to put the breaks on savings to either use your income to enjoy life more, or take a less stressful job with lower pay? Curious to hear other's thoughts on this concept and perhaps firsthand experience from anyone has already followed a similar path. + +Any who, thank you to everyone who read through this rambling wall of text. If anyone has any thoughts, comments, questions, or pointers on our FIRE journey/progress we'd love to hear them. + +Be well and thanks again for your time! + +**TLDR: 31 y/o DINK couple with $900K net worth taking lower salary (30% decrease) for being closer to home and more time for travel/better work life balance.** +ETA2: Here's a [link to a version of our spreadsheet](https://docs.google.com/spreadsheets/d/1SX3rzTk6q3c5NOiSmox4lwaAKp5OX1NppYU4SFAXTjE/edit?usp=sharing) + +I simplified it a bit (to reduce the number of rows/columns to something more manageable). The first tab is just a place to easily view information regarding the apartment, and your own 'progress' as far as making calls/visits. Pros/Cons is all personal opinion, we just put whatever we immediately noticed and loved/hated. Columns for distance (in time and miles) from the apartment to each of our jobs. Then the last column for a link to the apartment online. + +The second tab I super cleaned up, and you'll likely have to expand it to include more columns. The basis behind it is: the thing you're rating, how high/low you'd rate it, and how important it actually is. For example, the grounds might be really nice (3) but the grounds really don't matter that much to you (4). Or the kitchen appliances are shit (-3) and that's something that's super important to you (10). It then gives each apartment a total score, and you can more easily quantify non-tangible qualities of the apartment. + +I left in 2 example rows in case you need an example to follow. +This link is 'read only' shared via Google Docs. You'll need to save a version of it to your own Google Drive in order to edit the spreadsheet. + +---------------------------------------------------------------------------------------------------------------------------------------- + +ETA: I wanted to clear up a few questions/comments, and add some useful information some people have contributed. + +* I probably should have included this from the get-go, but didn't think of it. We live in a suburb in the midwest (if you didn't figure as much based on the apartment prices!). A lot of my experience doesn't apply to more densely populated areas. If you're somewhere like New York or San Francisco it sounds like you've got to show up when the current tenants are moving out, with a whole years salary cash in hand, prepared to fight to the death against any one else who shows up! Do as much research into places you're looking to move as you can. + +* There's a LOT more to choosing a place to live than *just* the costs. In many (if not most) cases, a higher price is worth the non-tangibles you get. My larger point was to do the math, because it might be surprising. We would have chosen the higher priced apartment regardless, because it was the better choice for us. But it was a nice surprise to find the costs were much closer than they seemed. + +* Our estimated utility costs were a combination of A) the estimate the apartments gave us, B) estimates directly from the utility companies, and C) an average of our utilities in our current, similarly sized apartment. It's definitely a valid concern, and something to be aware of. The previous tenant most likely has/had different lifestyle requirements than you and used under/over what you'll use. Get as many estimates as you can; /u/bridgehater1 suggested not only asking the average utility cost, but the highest and lowest cost. + +* A lot of people suggested [padmapper](http://www.padmapper.com/) as a good search tool for finding apartments. /u/qwilo also posted several links to [rental search websites, as well as rating/review websites](http://www.reddit.com/r/personalfinance/comments/2zl03l/adventures_in_apartment_hunting_or_sometimes_the/cpk6fw2). /u/Smokey_Jah also posted a really informative article called [The True Cost of Commuting](http://lifehacker.com/5855550/the-true-cost-of-commuting-you-could-buy-a-house-priced-15900-more-for-each-mile-you-move-closer-to-work) that I think is incredibly relevant to choosing where to live. Definitely worth a read for anyone house/apartment hunting! + +I'll be cleaning up my spreadsheet and questions document this evening, and can absolutely share it, for those of you who asked. I may have to share it in a new post. But for anyone who asked, I'll make sure to shoot you a message so you know it's up! + +Lots of awesome advice throughout the whole thread. Thanks to everyone who's contributing!! + +------------------------------------------------------------------------------------------------------------------------------- + +So my girlfriend and I have been apartment hunting for the last few months and have learned a LOT. I thought some of our mis-steps and new knowledge may be useful to others. I'll spoil the ending, the more "expensive" apartment ends up costing less money all around once we included every factor we could think of. + +**Choosing Apartments** + +The first step, and arguably the most difficult. + +We started out on [rent.com](http://rent.com). Filtered for not only our price range (under $800/month total), but also our "must haves" (washer and drying in unit, and a balcony). We then expanded out to other apartment finding websites. Then even went as far as going into Google Maps and just typing in "apartment." The Google Maps step was difficult, since all of the information we wanted to find wasn't as organized as it is on a dedicated apartment finding website. But it more than doubled our options. + +**Important Note:** Include apartments that are slightly above your price range. If your max cost for *the apartment only*, not including utilities is $800, go ahead and grab a few that are around $825-850. You'll see why toward the end. + +**Narrowing Down the Search** + +I'm a spreadsheet junkie, I can't deny that. I put together a master spreadsheet of every apartment we found that met our requirements. Rows for each apartment. Columns for information like price, location, distance to your most frequently visited places (work, mom&dad's house, nearest grocery store, a friend that you visit regularly, etc.), 'extras' (pool, balcony, private entrance, pets allowed, etc.), as well as 'cons' (near a railroad track, was our biggest con). + +We then assigned a number value to each thing, 1-3. Three being "yes, this is super awesome and we want it," two being "this is ok, but not enough to have a major opinion on," one being "meh." We also assigned negative points for the negative things (-3 for being close to a railroad track, for example). I added up points for all of the apartments, and that's how we sorted out where to start. It's also where we completely cut out places. *This was all done before we even stepped foot onto a property*. + +**Visiting Apartments** + +We then put together a big sheet of questions to ask at each apartment. Typed up and printed. It included the name of the apartment, and the person we met with. This ended up being invaluable because, as those of you who have gone looking at places know, when you look at several places in one day it all starts to blur together. This gave us the opportunity to sit down at the end of the day and have our information organized (and add it to our spreadsheet!). + +Some of the questions we included were: what utilities are we responsible for? What's the average cost of those utilities? What is your rent payment policy and grace period? What are the options for paying rent? (check, money order, payment portal online, etc.) How is maintenance handled? Are they on-site? What's the turn around on maintenance requests? Is there separate emergency maintenance? (no one wants their only toilet out of order and have to wait for it to be fixed!) What are the most common complaints you get from residents? What is the turn over rate here? (this is a big one, if residents are staying for a long time, that's awesome!) Will we have the opportunity to see **our** unit before we sign the lease? Can we take a copy of the lease with us today to look over? What's the application process like? What do you require as part of our application? How much is the application fee? Does it get refunded if we're denied? How long will it take from handing you the application to getting an answer? + +We also (naively) inquired about the demographics, primarily trying to find out if there are a lot of younger people and/or kids, since they tend to be more noisy. As we were told by one of our favorite office managers: Under law, apartment complexes are not legally allowed to answer this question. Any apartment that willingly tells you anything beyond, "We accept any and everyone who meets our qualifications, and our qualifications are the same for everyone" is breaking the law, and maybe not the greatest place to choose. + +Check everything. Windows, doors, lights, water. Touch things. Ask questions. Don't be shy. This is the place you're going to be living. Make note of what you find. Point out questionable things; there may be a good explanation (i.e.-this carpet looks crappy, what's the deal? answer: we replace the carpet after every move out, so don't worry about it). TAKE NOTES, for real, it's important. Again, you will not remember which place had which issues, and you'll be stressed out about it later. + +**Picking Where to Apply and Applying** + +Because most places require an application fee, it's not really an option to apply everywhere. So you have to narrow it down. We narrowed it down to 2 places. + +This step doesn't have much wiggle room. You pretty much have to follow their application procedures. But a big thing you can do to help yourself is not to apply somewhere you already know you won't be approved. If they require residents to make 3X the cost of rent a month and you don't make that much, don't bother applying. If they require a 700+ credit score, and yours is too low, don't bother applying. + +*These are all things you should know, because you asked about the application process ahead of time!* + + +**The Final Decision (and Some Math)** + +So you picked two or three places, applied and got approved at more than one. Now you have to make the final decision. You have to compare numbers, and intangibles. + +It's easy to look at two apartments, and make the decision based purely on how much they cost. But is the less expensive apartment really less expensive? I'm going to break down the two apartments we choose from. These expenses are all calculated as monthly expenses. So, for example, our gas usage to and from work is (X*2)*30 (I went with an even 30 days a month for the sake of not confusing myself with math!) + + | Apartment A | Apartment B +---------|----------|---------- +Rent | $770 | $825 +Electric/Gas | $130 | $100 +Water | $25 | $0 (included) +Monthly Cost of Gas to Work (*Combined*) | $38.40 | $38 +Laundry Costs (*at 1 load each per week, total of 8 loads a month*) | $18/month | None; W&D in unit +**Total Monthly Cost** | **$981.40** | **$963.00** + +*Note: the electric and gas costs were estimated by each apartment complex, AND confirmed independently by the electric and gas companies* + +I also calculated the cost per square inch, because that's really the only way (in my opinion) you can compare two different sized, different priced places: + + | Apartment A | Apartment B +---------|----------|---------- +Price per Square Foot (*here you can already see the more expensive apartment is a better value*) | $1.32 | $1.06 + +So, the price difference isn't huge. It comes out to **$18.40** (or $220.80 for a 12-month lease), which is really just the difference in cost between having or not having a washer and dryer. Originally, our cutoff point for rent alone was $800/month. But once we added up all other costs (and conveniences) we came out ahead with the more expensive rent (plus, let's be real, we're two chicks, we're going to do more than 2 loads of laundry a week!). + +We also factored in several other intangibles that don't have a price attached. Apartment B has a private entrance, meaning we get the added benefit of not having hallway noise, Apartment B is closer to both of our parent's houses and her best friend, Apartment B is also closer to a grocery store, gas station and several restaurants/fast food places. Plus, laundry in your own place is a billion times better than a shared laundry room!! Apartment A is also directly next the dreaded railroad I've been complaining about this entire time. + +**Conclusion** + +Factor in *all* costs when looking for a home (I've never bought a house, obviously, but I'm going to assume this holds true for home buying as well). A cheaper cost up front, with smaller expenses can add up to be more expensive than higher priced options. Those little expenses can close the gap between differently priced options real quickly. + +Please also remember, this is the place you'll be living. We would have chosen Apartment B even if it *had* come out slightly more expensive because of the added conveniences, and the 'gut' feelings we had walking into Apartment B. + +*I fully admit my math may be shaky, and there are probably a billion other factors that we didn't consider. This advice may or may not be applicable to others, but hopefully the general sentiment is helpful for some!* + +**tl;dr** Calculate all costs associated with any financial decision you make (housing, car, kids, pets, whatever). Small associated expenses can add up, and make the cheaper looking option equally or more expensive than the more expensive looking option. + +Hi, + +We bought a used car (2009mazda2) about a month ago. I took it for servicing today. The mechanic told a lot of scary things. + +1. the car has been underserviced, so the the oil was thick and lumpy. He told the engine might fail and suggest engine flush. But he was not sure because after flush it might fail immediately. He said it might be ok over time. +2. Suggested lots of repairs related to brakes and other things and talk about "auto trans sump leak". Suggested repairs of 1000+ dollars. I guess some of those are because of car age. + +We are international student and just invested like $4500 on car + $1000 on insurance. this news is a disaster to us. + +What are our options? Should we contact the guy who sold us? Should we invest on those repairs? Because if engine is going to fail, there is nopoint. + +The report from guys who serviced today: + +&#x200B; + +&#x200B; + +https://i.redd.it/4d27s40ff5j31.jpg + +&#x200B; + +UPDATE: + +took to another mechanic, quoted less than half for brake pads, can be done after next 5K. Other repairs not required immediately, normal for the age. + +He encouraged car is safe and good, except prev guy hadn't serviced in time. Recommended to change engine oil frequently (5-7K). Said will be safe and will clean the engine. Suggested doing engine flush in coming services. Will also take to another independent mechanic. + +Thank you all. +This is so ridiculously obvious. Drop the price so you can average down and give your buddies a shot and we will be right back or higher in two months or less. + +Meanwhile most laymen will lose temporarily, freak, and sell. Don't be a puppet. Auto-invest and ignore. + +You ain't seen nothin yet. +Ohio-based Murray Energy filed for Chapter 11 bankruptcy joining a growing list of bankrupt or struggling miners as utilities switch away from coal. + +The company seeks to restructure nearly $3 billion in debt and obtained some $350 million in new loans to continue operating during the bankruptcy proceeding. + +Murray Energy was the country's fourth largest coal producer in 2018, accounting for 6% of total production, according to the Energy Information Administration. + +The collapse comes despite federal rescue attempts. The deregulatory push has been unable to offset market forces. Coal has been unable to compete with cheap natural gas and the falling cost of solar power, wind and other forms of renewable energy. + +[Bloomberg news](https://www.bloomberg.com/news/articles/2019-10-29/biggest-private-coal-miner-goes-bust-after-trump-rescue-fails?srnd=premium) + +[FT](https://www.ft.com/content/8185fc96-fa5c-11e9-a354-36acbbb0d9b6) + +[CBS](https://www.cbsnews.com/news/murray-energy-bankruptcy-2019-robert-murray-major-trump-backer-files-for-chapter-11-bankruptcy-protection/) +Hi, new poster here, but have been an on-and-off lurker. We are HNW and are homeowners living in a higher cost of living suburb (but not a super high cost coastal state). I was recently let go from my job and for the first time in my life I have no clear plan on the next step. + +I am late 30s, wife is mid 30's and we have a younger daughter, and neither of us are currently working. We will likely have another child in the next 2 years. + +The good news is we've amassed a big net worth thanks to my 15+ years of hard work and some luck. I might go back to a job, but more likely I want to take time off, and maybe down the line look to do something more entrepreneurial than may never generate any income. + +I realize we are in a very fortunate situation -- on paper I think we're in really good shape. However I don't have any peers in this kind of situation and its a bit unsettling to go from working and earning income to accepting that I may never have a regular income again. + +I wanted to confirm based on our assets / liabilities and expenses below that we can sustain our current lifestyle with neither of us working, keeping in mind that we will probably have another child and we hopefully still have 40+ years of life ahead. Thanks in advance! + +\[Edit: Thanks for all of the helpful responses! I've removed details below to reduce personal info\] + +Total net assets: \~$13M, \~$11M ex home equity and retirement accounts. + +Total annual expenses are about $300k rounded up +Subject: S/X Holiday Shutdown + +Hi Team, + +The SX lines will be shut down for the holidays starting Dec. 24th and returning Jan. 11th. + +We would like you to take the opportunity to refresh or spend time with your family, so Tesla will be giving you a full week pay for the week of Jan. 4th. There will also be limited paid opportunities for you to support other shops or volunteer for deliveries during some of this time. + +Dec. 23rd - last day of work before shutdown + +Dec. 24th-25th - Paid holidays* + +Dec. 28th-30th - Unpaid time off (may use PTO**), support deliveries or other shops. + +Dec. 31st-Jan. 1st - Paid Holiday* + +Jan. 4th - 8th - Paid time off (40 hours) + +Jan. 11th - return to work + +If you would like to volunteer for deliveries for Dec. 26th -- Dec. 31st, or support other shops from Dec. 28th - Dec. 30th, please use the survey below to let us know your preference. We will do our best to accommodate your requests, but preferences are not guaranteed and will be granted on a first come first serve basis. +Title. + +I have seen so many posts about people mistyping addresses and losing their crypto recently. I am posting this again before some dude inevitably does the same thing again. + +Paying fees twice is worth the peace of mind. If you're sending a small amount and it's a crypto with high fees (BTC, ETH), I'd either leave it on an exchange if it's there, wait until ETH 2.0 if it's ETH, or just send away if its so small that you won't get bummed out if you lost it. + +Anything else and there should be absolutely no excuse for you not to send a dummy transaction. +Why can't I view the posts on WSB. Someone made a post earlier that WSB is a "direct violation of Reddit". I am so lost. Someone send a yacht to save me. I feel lost. + +Edit: I feel like this is where would be would go if WSB closed down. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +A bit of advice based on a trend I’ve been noticing in one of my friendships. If you are doing well financially, be careful about evangelizing to or dispensing advice to people around you. I think there can be a tendency to assume that if you’re killing it financially, you must be the only one who is, or you’re the most advanced one, and everyone else just fell off the turnip truck. I think there’s even a tendency when you’re financially successful to assume that you have the best recommendations/advice to give about other topics as well (like consumer goods, relationships, travel, diet, etc.). + +SO and I are almost certainly on equal financial footing to this other couple we know, but we don’t have any visible markers of success like they do (e.g., homeownership). I wouldn’t say they talk down to us necessarily, but they definitely give unsolicited advice and offer us help a lot, and it’s really awkward. It just rubs me the wrong way and I hope you all (and myself) never behave this way. I don’t mean to generalize based on one anecdotal couple, but I do think being on the FIRE path can exacerbate this. You never know who you’re talking to and can easily come across as a douche without realizing it. +I'm wondering if BRRRR can work in a situation where I would have to put in say 40% down ($320K) on a house that is worth $800K. If I were to rehab it and on refinance leave enough money in equity, would it be profitable to rent out 4 rooms at $900 each? +I’m thinking about living between a few different vacation rentals and wanted to hear if anyone else is doing this? What are the pros/cons? Particularly interested if you are renting during peak season or most of peak season and using the place yourself during shoulder/off season. + +Here is my plan: + +Currently I own a place in Hawaii that I am renting out for about half the year and then I use it from January through August. This is close to break even. + +Next step I want to take is buy a place at the beach on the east coast and rent it out during the peak summer season and use it from late August/September through December. I won’t really miss the summer because I’ll be in Hawaii and I like the Fall on the east coast for a little change of season and the holidays. I need to do more research but from realtors and friends who rent their beach houses I think I can get this to close to break even. + +Eventually would like to add a place in the mountains to rent out most of the year and use it for a month or so at the end of ski season. + +Any thoughts would be much appreciated! +Good morning Apes, Uncle Hank is back with another episode of the Magnum Opus. On today's episode: will my wife ever stop fucking the mailman? (Spoiler: NOPE). + +I wasn't originally planning on making these daily but because there has been such a great reaction and many of you have asked me, I will continue to make these daily, with updates, until the theory is proven wrong or until we go to tendietown. I am not a financial advisor, this is not financial advice. + +Before reading this, you MUST [read my first post (most important)](https://www.reddit.com/r/Superstonk/comments/mtf4e4/gme_magnum_opus_dd_past_present_future/)and [my second post (update based on yesterday's price action](https://www.reddit.com/r/Superstonk/comments/mu1esp/gme_magnum_opus_update_theory_confirmation_today/)). If you don't read those you WILL NOT understand wtf I am babbling on about. Now, I present to your: Uncle Hank's Magnum Opus: ROUND 3: + +https://preview.redd.it/3sjcoljwudu61.png?width=960&format=png&auto=webp&s=ed4d860f907321a356a46feaf17724cbdd2cbe78 + +# Quick Summary of where we are based on the theory + +**If you've already read the other two posts, skip to the part where I say you have a nice cock (you do btw).** + +My theory said that because of similar price trends that I have detailed in my first post, GME is currently repeating its price and volume pattern from early January. My reasoning for this is because the shorts have been in a nasty FTD cycle for over a year, so that's why we see similarities in price. As I've said many times, THIS IS JUST A THEORY, I could very well be wrong, so please do not take this as fact. As soon as there is a major sign that the theory is wrong, I will let you know immediately. + +GME price and volume action from 12/28-1/8 and 4/5 - 4/16: + +https://preview.redd.it/wudyqja1vdu61.png?width=1166&format=png&auto=webp&s=4a54109e2244435db414e02404fe957d25fa30b2 + +https://preview.redd.it/om83lga1vdu61.png?width=1178&format=png&auto=webp&s=d760a925a29cb8c3d9e4c2a20a2a541804336e52 + +From this information, my theory predicted that GME would have a significant gap up yesterday with volume higher than the previous Thursday and Friday just as it did on 1/11. That seems to have happened. Here is a comparison of yesterday to 1/11: + +**Yesterday:** + +https://preview.redd.it/cord4l0gvdu61.png?width=2206&format=png&auto=webp&s=e6bf34fd8e7135209e6ad1a19b3b1fbc7fef515f + +**1/11:** + +https://preview.redd.it/mnjki4devdu61.png?width=2204&format=png&auto=webp&s=70268505248438fb978e306abf182e435dd0b579 + +Interestingly, both of these days, the price shot up in premarket, gapped up from the previous Friday price, had super high volume in the beginning of the day, volume and price then faded the rest of the day, and volume, though higher than the previous two days, was nothing special. Yesterday's IV crush hurt my calls more than my wife's boyfriend hurt me when I forgot to pay his rent 8 months in advance. + +# If you've read my other two posts start here (nice cock btw): + +https://preview.redd.it/ribvsz3lvdu61.png?width=400&format=png&auto=webp&s=715164eec106767d68125c9420216cf6f112e884 + +Alright, so if the theory is correct, today should be a flat day, slightly negative, with very low volume and no significant price movements on the up or downside other than a slight dip after open. I want to be very clear that because today's price action is predicted to be absolutely nothing special that today's price and volume being in line with 1/12 does not prove that the theory is correct, it simply doesn't prove that it isn't correct. The reason for that is because it's very hard to infer a correlation from a flat price and low volume. As I've said before, Wednesday will be the real test. If today the price goes super high or low or if volume exceeds yesterday then the theory is probably incorrect (and I will tell you all this). However, if we have a flat day, then the theory has not been proven incorrect. + +**1/12 Price action and volume:** + +https://preview.redd.it/4l33qrypvdu61.png?width=2212&format=png&auto=webp&s=53a7351370beb53e86b48a2a9aa9a9840f90cb9a + +This low volume, flat but maybe slightly negative price, with a possible dip in the early morning, and maybe a pickup in volume towards EOD is what we are looking to follow today. So if you're sad about a boring day today, at least you can know that Uncle Hank may be on to something (last time I thought I was on to something is when I caught my wife with the mailman for the first time, sooooooooooo). + +**1/13 Price action and volume:** + +As I said before, Wednesday is the important day. This is not GME moon day. This is HomeDepotHank69 theory come true or not day (I know, very catchy). It's important to note that HomeDepotHank69 theory come true or not day is just a stepping stone to GME moon day and GME moon day will be much bigger. If we see similar price and volume action tomorrow as we did on 1/13, then that is further confirmation of my theory. If this does happen, I will make a mega magnum opus post that details where that puts us for the next few weeks regarding this theory. In the meantime, here is the price action and volume of 1/13 (our day to look at tomorrow): + +https://preview.redd.it/4xvz81sqvdu61.png?width=2214&format=png&auto=webp&s=3839c30e38e5fa13e1777763a181965e125370f9 + +What's interesting about this is that there is no movement in the premarket hours and the giant move upward comes starting around 10am and peaks around 11am. As a student of GME I've long noticed that GME's peak up or down is either before 10am or around 11am, so just something to keep in mind. I'm getting ahead of myself, let's focus on today and see if it looks similar to 1/12. + +**Looking to the future:** + +Apes, I know that the plethora of charts and colors may confuse you (if you are color blind, I will set you up with my wife's boyfriend immediately), so here is a longer view so you can see where we are and where we may be going according to the theory. According to the theory, everything to the left of the red line has already happened (this is early January). Everything left of the line is up to 1/11. Everything to the right of the line has not happened yet. Today, we are looking to follow that very tiny red candle with little volume, then Wednesday, we are looking to follow that explosive green candle with volume bigger than my wife's body count. Again, this is just a theory, do not take it as fact. As soon as I see evidence that the theory is wrong, I will update this. Here is the chart: + +https://preview.redd.it/epcufzjtvdu61.png?width=1290&format=png&auto=webp&s=5dcb21833b58fcf1a8691f7c87bc0a3ba64a24a3 + +Ignore those two white lines. STAY STRONG APES. + +EDIT 1: only about 50k in volume by 9am, seems like it's gonna be a low volume day. + +EDIT 2: extremely low volume at open, price slightly negative + +EDIT 3: Volume still low, price still slightly negative. Just like 1/12, the dip peaked around 10am, will we recover the rest of the day like on 1/12? + +EDIT 4: Shoutout to u/SpecialEditionDVD for this great comment: + +Second, I'm very curious about this theory and think you are on to something: + +* The jump from 1/10 to 1/11 was \~230% and the jump from 4/16 to 4/19 was \~200%. +* On 1/11, volume was 14.9M. On 1/12, volume was 7.1M (roughly 48% of the previous day). +* Yesterday's volume was 10.5M, so I'm thinking the range should be in the 4.5-5.5M range. + +EDIT 5: still LOW ASS volume. Price is declining more than 1/12, but on 1/12 we did see a big dip in the morning. If we keep dipping lower, the theory may be in jeopardy. I will continue to update. + +EDIT 6: Ouchy price go down ouch. Theory is not looking good today in terms of price but it is looking good in terms of volume. If we end closer to VWAP or end down less than 5%, I'll feel better about the theory. Stay tuned for more updates and for tomorrow's post. + +EDIT 7: Thank you so much to u/nuulss for talking about T+21. This is further reason why I thought that the price of GME was repeating becuase of the "nasty FTD cycle." I am going to do more research on that tonight and will hopefully be able to include an extensive amount of it in tomorrow's post. Thank you so much to u/nuulss for mentioning that, ur sexy as hell. + +EDIT 8: fellow ape u/wwalley came to the same conclusion as me, go show him some love + +EDIT 9: Fixed pictures + +FINAL EDIT: Below is a comparison of today's price action and volume with 1/12. We closed the day at 158.53. There are definitely some differences here, but for the most part it's similar. A big difference is that 1/12 stayed mostly around the VWAP. Contrastingly, today we were under it for most of the day. another difference is that our morning dip was much more severe than 1/12 and we didn't recover from it like 1/12. There are many similarities. however. Both days we had far below 10m volume. Both days were not very volatile and saw IV drop throughout the day. The high of both days was near open and there was a dip in the early morning. Interestingly, on both days volume really ramped up in the last 15 minutes of trading and price did as well. IMO, volume, shape of the charts, and the last 15 minutes of trading are the biggest similarities. Overall, I see no reason as to why the theory is wrong, however, as I said before, today does absolutely nothing to prove that the theory is correct. Today, simply gives no evidence that it was wrong. As I said, tomorrow is HomeDepotHank69 theory come true or not day. See the above chart on 1/13 for a comparison as to where we should go tomorrow. If we do not have a significant ramp up in volume and price, my theory was wrong and I will notify you all. If we do, I probably won't leave my house for several days. I will be making another post tomorrow for the theory and am also going to try and do more research concerning u/nuulss comment about T+21 expiration and see if I can find any similarities there. In the meantime, stay strong apes. Not financial advice, not a financial advisor. + +1/12 + +https://preview.redd.it/8jftsgnawdu61.png?width=2212&format=png&auto=webp&s=3b538c7677c005189c8594451a2d4604e4d0f52f + +today + +https://preview.redd.it/8p9gbpcvxdu61.png?width=2018&format=png&auto=webp&s=99c639f39a23e364ac938508482d20f87100840b + +**One more edit cuz fuck me:** + +Anyone else think the after hours activity is looking similar to 1/12? After hours aren't the best thing to consider because of the fact that the price can be moved really easily due to the low volume, but wow they're looking similar right about now. + +&#x200B; +As expected when merging The Merge, the price of ETH has dropped, everyone thinks how much ETH will return. I'm planning to buy ETH and RBIF at $1000 what do you guys think?*📷* + +&#x200B; +# PREFACE + +&#x200B; + +I've seen a couple posts hit the front page lately suggesting that the price action we have seen in zombie stocks is from shorts being forced to close before the implementation of new reporting requirements that come into effect on September 28th, 2021. They suggest that shorts sellers are being forced to close their positions before the stocks are delisted from the OTC market. + +I have read into the matter, and I believe the posts have misinterpreted things. I made a post last night that didn't gain traction, so here is my second (and more researched) attempt to correct what I believe to be misinformation. + +The posts I am referring to are: [here](https://www.reddit.com/r/Superstonk/comments/phclij/credit_to_ujaloosk_this_is_why_we_are_seeing/) and [here](https://www.reddit.com/r/Superstonk/comments/pho33e/shfs_are_being_forced_to_cover_shorts_for_sears/). + +&#x200B; + +**After looking into the matter, I believe I have discovered something nefarious. Or at least, something that is certainly not in the best interest of retail or market transparency.** + +# + +# SUMMARY + +&#x200B; + +**TL;DR:** *Courtesy of OTC Markets Group themselves*\*,\* ["OTC Markets Group currently operates the Expert Market as a distinct market tier for a small number of companies. However, on September 28th this market tier will expand to include a broader range of securities. Following the upcoming changes to Rule 15c2-11, companies that do not make current information publicly available under the rule will shift to the Expert Market."](https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/) + +&#x200B; + +**It is correct that additional reporting requirement are effective on Sept. 28th. Stocks that fail to meet the new reporting requirements will be delisted from the OTC market and moved to what is called the "Expert Market". There is no mention of forcing positions to close in any of the reading I have done.** + +**In response to the new reporting requirements for OTC stocks, OTC Markets Group has proposed exemptions to the new rules for securities traded on part of its alternative trading system (ATS) "OTC Link". They have proposed that their "Expert Market", in which access to data and quotes will be restricted to "broker-dealers, and professional or sophisticated investors" only, be exempt from the reporting requirements; the pretense being that restricting retail from accessing such opaque securities will protect the general public from the risk of fraud and manipulation, effectively achieving the "investor protection" that the new reporting requirements intend.** + +**The SEC seems on-board with the idea. This "Expert Market", which is an ATS (aka dark pool), has been operating since April 2019, and will become the new home for many companies that do not meet the new reporting requirements for OTC stocks, perhaps including our reanimated zombie stocks.** + +&#x200B; + +# ASSESSMENT + +&#x200B; + +To get a handle on the situation, I read through the following sources: + +1. [The original source from the posts I am "correcting"](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) \- A lengthy but informative read based on SEC filings +2. [SEC filing describing new requirements and proposed exemptions](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) \- the OG sauce, I read it to confirm the claims in the link above +3. [OTC Markets' explanation of the ATS](https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/) \- the TL;DR from above, very insightful. + +&#x200B; + +First off, there is no mention in anything I have read about short positions having to close before stocks are delisted from the OTC market. The new reporting requirements, roughly speaking, will require stocks trading OTC to maintain recent financial statements if they are to continue trading on the OTC market, otherwise they will be delisted from the OTC market. + +So the security still exists after being delisted, but it becomes much more illiquid, and data and quotes for the security become more difficult to access. + +&#x200B; + +The "Expert Market", as described by OTC Markets Group: + +>The Expert Market is a distinct market tier on which OTC Link LLC’s broker-dealer subscribers (each, a “Subscriber” and collectively, the “Subscribers”) can, among other things, find price transparency in certain securities that **may not be eligible or suitable for retail investors**. Currently, the distribution of quotations for securities that are published or submitted on the Expert Market is limited to broker-dealers, and OTC Link ATS **does not make such quotations available to the general public**. [Sauce, pg. 6](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +&#x200B; + +What securities will be traded on the Expert Market? + +>(1) any security that is quoted in reliance on the piggyback exception prior to the Compliance Date **and loses such eligibility upon the Compliance Date** due to a lack of current and publicly available information about the issuer of the security; (2) any security that is quoted in reliance on the piggyback exception following the Compliance Date and subsequently loses such eligibility due to a l**ack of current and publicly available information** about the issuer of the security, **the issuer’s status as a shell company**, or a failure to meet the frequency-of-quotation requirement; and (3) **any security that is issued in conjunction with a Chapter 11 bankruptcy plan** confirmed pursuant to Section 1129 of the U.S. Bankruptcy Code (the “Code”)21 and is exempt from registration in accordance with Section 1145 of the Code. [Sauce, pg. 9 + 10](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +**I tried digging into** [**exemptions under section 1145 of the U.S. Bankrupcty Code**](https://www.usbankruptcycode.org/chapter-11-reorganization/subchapter-iii-postconfirmation-matters/section-1145-exemption-from-securities-laws/)**, but its very dense and I'm no legal expert, so please scrutinize my assessment on this if you have some expertise on the matter.** + +&#x200B; + +**EDIT:** the reporting requirements that must be maintained are as summarised: (added after feedback) + +>*The amendments permit broker-dealers to publish a quotation if a publicly available balance sheet is dated within sixteen months of the published quotation, as in the proposal, and profit and loss and retained earnings statements are for the twelve months preceding the date of that balance sheet, rather than within six months of the quotation if the balance sheet is older than six months. … The release also delays for two years the requirement that financial statements for the two preceding fiscal years be publicly available for catch-all issuers. This change from the proposal helps guard against the retroactive application of the rule; an issuer’s securities will not lose their quoted market due to a broker-dealer’s or qualified IDQS’s inability to obtain historical records that predated these amendments.* +> +>In the end, non-registrants will have to make limited disclosure, which is a welcome change. If they fail to meet the requirement, they’ll be delisted to the Grey Market or (see below) the “Expert Market.” If a qualified IDQS determines that an issuer’s current information is no longer current, broker-dealers will have a grace period of 15 calendar days in which they may continue to quote the stock. This will give investors an opportunity to exit their positions, should they wish to take it. +> +>In addition, the final rule creates a new exception that permits broker-dealers to publish quotations without conducting an information review for the highly liquid securities of well-capitalized issuers. The Commission believes such issuers are less susceptible to fraud than other types of penny stocks. [Sauce.](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) + +&#x200B; + +**So you're telling me any stock currently traded on the OTC market, which belongs to a company with outdated statements, including shell companies, or securities issued from a Chapter 11 bankruptcy, are going to be taken off the OTC market and moved to a different dark pool that is designed specifically to exclude retail investors and hide quotes and data from the general public?** + +**The potential for fuckery seems clear to me. The SEC is saying you have to be compliant to the OTC reporting requirements, because the OTC market is having non-compliance issues. But the consequence of continued non-compliance is you get moved to the private "Expert Market" where the reporting requirements don't apply?** + +**It seems to me that if I was hiding something through non-compliance, I would just continue to do so, and end up in an ATS where my non-compliance isn't an issue and I'm hidden from public view.** + +&#x200B; + +How is the distribution of quotes and data handled on the Expert Market? + +>Quotations published or submitted on the Expert Market are clearly identified in a data feed to which OTC Markets Group controls which Subscribers, market data distributors, and users have access. [Sauce, pg. 6 + 7](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +&#x200B; + +What does the SEC think of the proposed changes to the Expert Market? + +>*The Commission believes that, under certain conditions and circumstances, it could be beneficial to establish an “expert market” that would enhance liquidity for sophisticated or professional investors in grey market securities, as well as for small companies seeking growth opportunities that might prefer to be quoted in a market limited to such persons. To facilitate the formation and implementation of such a market, the Commission has the authority to issue exemptive relief by order pursuant to Section 36 of the Exchange Act and paragraph (g) of the amended Rule that is necessary or appropriate in the public interest, and is consistent with the* ***protection of investors***\*. In this regard, the Commission may consider, among other things,\* ***the types of investors who could access quotations in this market and the types of securities that would be quoted in such a market.*** [Sauce, pg. 4](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +&#x200B; + +Ok, so the SEC is open to the idea of expanding the function of the Expert Market as well as the exemptions for securities transacted within. They went on to state, additionally: + +>*In considering any such exemptive relief, the Commission preliminarily believes that* ***any such expert market must not have the potential to develop into a parallel market for which quotations are accessible by retail investors and the general public.*** ***To protect retail investors*** *from the harms resulting from incidents of fraud and manipulation in OTC securities for which no or limited publicly available information about the issuers exists to help counteract misinformation, such exemptive relief could focus on the types of investors that have the ability to assess an investment opportunity, including the ability to analyze the risks and rewards.* [Sauce.](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) + +&#x200B; + +**So what does this all mean?** + +As far as I can tell from reading the SEC filing and OTC Markets' own post on the changes coming to the "Expert Market", OTC Market Group is turning its "Expert Market" dark pool into a catch-all trading platform for professional investors to exchange securities that no longer meet the SEC's new reporting requirements for OTC stocks. This is effective September 28th, 2021, and implies that many of the OTC stocks that have recently come under our scrutiny could be moved to this dark pool, making both their quotes and data inaccessible to retail investors and the general public. + +This development, alongside the [CFTC's decision to suspend reporting requirements for swap dealers](https://www.cftc.gov/PressRoom/PressReleases/8422-21), paints a picture that the SEC and CFTC are actively suppressing retail's and the general public's ability to access information. + +Its a compelling coincidence that these developments are taking place right now, given how relevant swaps and zombie stocks are to the latest DD pertaining to naked short positions. + +My assessment could be wrong, I am no legal professional. Please pick apart my assessment and share your thoughts in the comments. +EDIT: Obviously the title should say "we NEED to talk about inflation." And I need to think about sleep. + +APES. Well the dip machine might be broke, but I can deal with a little sideways trading every now and then. Makes the deep green days feel all that much more special, ya know? And boy oh boy, there are deep green days in our future. + +It's the weekend again, so you know what that means. Time to grow some more wrinkles with the OG king ape, Michael Burry. Now before we go any further, let's address the elephant in the room: HE'S BACK!! My man is back on twitter after a nearly 3 month hiatus, and call me crazy but I think that is the most bullish sign yet. Whatever is going to happen will happen. The die has been cast. + +So the Fed had a closed door meeting this week, and as I was listening to Jerome Powell give his presser and making jokes about what he was saying, at a certain point I realized that almost all of the questions mentioned the word "inflation." I wasn't surprised exactly, but it did hit me how real things are becoming. Even main street media is openly talking about inflation now. Shoot. + +Anyways, during the presser, Burry tweeted this: + +&#x200B; + +[welp...](https://preview.redd.it/siwgd0gyj4671.jpg?width=750&format=pjpg&auto=webp&s=042ad9f5195710b8f28319586b9557666c0ed9dd) + +For fellow apes who might not speak English primarily or know the idiom, here is the definition of "whistling past the graveyard." + +**Definition of** ***whistle past the graveyard*** + +*informal:* to act or talk as if one is relaxed and not afraid when one is actually afraid or nervous. + +*He shows a confident manner, but he may just be whistling past the graveyard.* + +Burry has made it clear in the past that he thinks inflation is a very real worry for the U.S. And I would have to agree with his assessment about the Fed's presser. Powell talks a good game, but if you watch him closely while he speaks you can see he is very nervous about something. In one sentence Powell says they are very confident inflation will remain anchored around 2%; the next he says he has "no idea" where the U.S. economy will be in two years 😳. At one point, a reporter said point-blank: "so it sounds like you think next year will be a down year for the economy, with inflation." And Powell responded by saying "well, it will be a year with less fiscal support." + +\*Gulp\* + +I don't know about you, but if we are going to go full-bore toward inflation I would prefer to at least start reading up on it. Preparing for the worst sucks because you have to think about... well, the *worst case* scenario, but the great thing is that if you can put up with the discomfort you will feel better. So grab your weekend beverage of choice, and let's grow some wrinkles, shall we? + +**The Ascent of Inflation** + +Like I mentioned, this is not the first time Burry has talked about inflation. He had an extensive series of tweets back in February about the subject which I found fascinating. You might find value in reading it all too, [kindly preserved by the Burry archive Twitter account.](https://twitter.com/BurryArchive/status/1363226650016509953) + +Today I am looking at three main tweets from that chain, shown in these two pictures below: + +&#x200B; + +[\*whistles\*](https://preview.redd.it/pl7drf64o4671.jpg?width=1100&format=pjpg&auto=webp&s=656c5b54c28ce2c03e42c517871a9d3be5b48fb4) + +[\[whistling protocol broken\]](https://preview.redd.it/l62qaxl2o4671.jpg?width=1100&format=pjpg&auto=webp&s=6600905460210b892986d47decd342ffb33a6a2f) + +Burry is quoting extensively here from a book about the German hyperinflation during the Weimar Republic, just after World War I. The book is Jens O. Parsson's "Dying of Money: Lessons of the Great German and American Inflations." I read parts of that book, and it has quite a few things to say that I think are very valuable for us. + +Parsson describes what he calls the "ascent" of the hyperinflation of Germany with a few key identifying factors. I made a pretty lil' infographic with lots of blue crayons for you that spells it all out. (Change my mind: blue crayons taste the best. Blue Raspberry. Yumm.) + +&#x200B; + +https://preview.redd.it/otrw250rb5671.png?width=800&format=png&auto=webp&s=49a7def11db26fca65cd84a3160e3c3981fedf64 + +Now, there are notable overlaps with our current situation but I want to be clear that it is not a perfect overlap. Just to go over it briefly, here are my thoughts on the stages listed above. + +1. **A Crisis that is "fixed" by printing money:** We certainly had our "World War I" crisis with COVID. The Fed has introduced more money into the economy through stimulus checks and reverse repo (we will go over that in a moment), and at the moment, already at 5% inflation, there is no end in sight. +2. **Gap between the 99% and the 1% widens:** It has been well documented that the wealth gap only widened due to COVID as unemployment skyrocketed, people were forced to stay home, and the richest people in industries that were unaffected by the pandemic (media, online retail, etc.) only grew richer. +3. **Extremely high volumes of market trading:** our stock markets don't run off paper anymore, but there are parallels to find. For example, stock closing prices being adjusted in after hours (hmm, which stock have we seen this with recently? 🤔) and also trading halts that are specific to a certain brokerage (Burry gave us a pretty big hint with this one by adding #robinhooddown to the tweet where he references this, the first of the February tweets I posted above. Also, did you notice what the feather next to "stage 3" on the infographic looks like?) +4. **Increased crime and sectionalism:** This I would say anecdotally is true, but honestly I don't have stats to back it up and it is more of a social issue than an economic one. All I will say is that I can never remember living in a time where the country seemed more divided. But you beautiful apes have changed my mind on that. +5. **Decrease in "Natural Selection" in the market:** This one fits in certain respects but it doesn't in others. It is true that many businesses went bankrupt over the last year or so. But that was because of the COVID recession, not natural price discovery. And I wrote in [my DD last week](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) about how the passive investing craze is actually making price discovery almost impossible in the market. +6. **A long, slow buildup with an epic collapse:** This one is definitely not known. It can't be known, not as of yet. But the point is, once we know... it will be too late. There is ample reason to think that we are nearing the end of the buildup or the "gestation" phase and are possibly moving into the more violent stage, as we will see below. + +**A Look Under the Hood** + +There are any number of technical indicators we could look at to try and measure inflation. For the sake of simplicity I will focus on just a few here, but the results are no less drastic. First, let's take a look at M1. M1 is the measure of the amount of liquid money in the economy at a given time. When there is an excess of money, as in the case of inflation, it has to go somewhere, right? + +&#x200B; + +[DOO do do doooo I hear a lot of people talking about inflation so imma just pop the hood up and OH MY GOODNESS WHAT DID THEY DO TO IT?!?!?!?](https://preview.redd.it/7lkbwfsn15671.png?width=2855&format=png&auto=webp&s=381004c9526faf73cf20a89d29597080a9124424) + +Well, there it is. Now, I will admit that the first time I saw this I actually brushed it off as whales liquidating assets from the market, both during the COVID crash last March, and also this year in anticipation of... whatever it is we are about to go through. But I find it far too conspicuous that the spike just so happens to coincide with the Fed turning the money machine on last year. I asked this question last week about the S&P 500 and I ask it again this week: does this look natural to you? Because it certainly doesn't to me. + +A second indicator we can look at is the *velocity* of money, or how fast money is moving through the economy. One way to think of this is the ratio of money to the GDP. Maybe a simpler way to look at it as the demand for money, or the rate at which money is used for transactions. And-- + +&#x200B; + +[Wut doing velocity of M1?](https://preview.redd.it/erpc4nll35671.png?width=2860&format=png&auto=webp&s=b0f2428b26a13992b04233d9e922bf4dbcd06493) + +Whoops! It just fell off a cliff, meaning there is now virtually no demand for money. Ah well, nevertheless. + +Ok, one last chart, I promise. This is the reverse repo facility usage. + +&#x200B; + +[I'M IN A GLASS CASE OF EMOTION!!!!!!](https://preview.redd.it/fpdwpaad55671.png?width=2877&format=png&auto=webp&s=d97d572aab24bcf25fd10e1cbe4bf363035d2b87) + +You have no doubt heard a lot about this over the last week, as we are on quite a streak for new records set each night with reverse repo usage. The reverse repo facility is a "facility" where large institutions can "park" money that they have liquid to keep it inflation proof. Having too much cash on hand is a liability, especially in an inflationary environment after all. And these big banks are "parking" their money overnight at the facility because **they don't have any other investments that they think can beat the Fed's promised 0.05% interest rate offer.** Think about that for a moment. And I should mention too: the 0.05% interest rate was an announced increase as part of the Fed's presser yesterday. The Fed isn't slowing down the money printer -- **they are turning it up.** If that doesn't scare you, I have some lovely oceanfront property in Kansas I'd like to sell you. + +**My main takeaways from this exercise:** + +1. **I want to make it absolutely clear:** ***I am not predicting that we will end up with hyperinflation.*** **But it is absolutely within the range of possibilities, and I don't know how you could conclude otherwise after seeing these figures. I don't want to be an alarmist, but we are on the brink of a very turbulent financial era, whatever it winds up as. Now, Powell did say that next year will be a year with less fiscal support. So that gives me some hope that he knows the money machine can't print forever. I just hope he shuts it off in time.** +2. **Speaking of what this next era will look like, in reading Parsson's book I noticed some interesting things with regard to how Germany handled war funding differently from the other combatants. To different degrees, it seems like everyone - Germany, Britain, France, the U.S. - all had to turn the money printer on. But Germany was the only country that didn't turn it off until it was too late. In America, the decision was made after the war to "take our medicine" economically and deal with a 1-2 year recession. Is it a bad sign that I would be thoroughly relieved if that is only what this is, a 1-2 year recession?** +3. **Some of the images described in the book are truly terrifying: workers bringing a day's pay - billions of marks - in wheelbarrows to the bakery to buy bread; all the marks in existence not being enough to buy a train ticket or a newspaper by November 1923, etc. Call me crazy, but I am optimistic that it will not come to that. But it might require sacrifices on our part, and it will require the people in power to do the right thing.** +4. **For the sake of length, this post focuses mostly on the buildup to inflation rather than the sprawl or the effects of inflation. That, my friends, is the subject for a future post.** + +**~~Hodor.~~** + +**~~Hold the door.~~** + +**~~Hold.~~** + +**HODL, you beautiful apes.** + +**Not financial advice. I literally can't tell my own rear end from a coconut.** + +Past "Growing wrinkles with Michael Burry" posts: + +[Beware of Passive Investing Post-MOASS, June 11 2021](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) + +[A Look Back at What Michael Burry Knew, June 4 2021](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) +I understand the difference between RTGS NEFT and IMPS, what each does and doesn’t do. The question is why have 3 channels which do part work than having one full fledged channel. +Even if one say these channels are improvement over one another and are developed at different times. Why not improve the exiting channel instead implementing a new one? +I’m looking into p2p lending in the United States, and every service I look into is only offering investment services to institutional investors. For example, prosper, lending club, and peerform don’t allow individual lenders. I understand the risk involved and would still like to lend. It seems like a great way to diversify and help those in need at the same time. Does anyone know why this is or if there are any services that allow individual lenders? +As the title says really. 3 months ago my Monzo account was locked out of the blue, I couldnt use my card or make transfers on the app. Reading reviews from other people in the same situation on TrustPilot this is something they do quite regularly and was most likely triggered by a couple of largeish transfers going in and out of my account. + +&#x200B; + +A few days ago I got kicked out of the app completely, I try to login and it doesn't even recognise my details any more, and the money has still not turned up to the new bank account details I gave them. + +&#x200B; + +I do understand how this process works, that they can't tell me anything because it is a tipping off offence. But my question is: is there any legal timeframe on this before they have to give it back? What is stopping them from holding the cash for 10 years and just continuing to tell me that they can't tell me anything? + +&#x200B; + +They have also not responded to my subject access request within the designated 30 day legal limit. What is my best course of further action for this? + +&#x200B; + +Thanks + +We have been debating this back and forth for a few weeks, thought you guys might be able to give us some perspective. Hope it's allowed on here - it's house related, but more about how we focus/prioritise our investments. Thank you in advance for reading and advice. + +We are a couple with a toddler, thinking of having another baby in next year or so. We live in a commuter town near London, UK, with good schools and lots of amenities that mean this is a pretty strong and seemingly resilient corner of the housing market. Husband has good job that seems secure and makes a little over £100k, while I am SAHM (with plans for small side business, but I'll remain a SAHM for a few more years). Our only debt is the remains of my student loan and our mortgage. We have a modest investment portfolio. + +Bought our current home eight years ago for about £300k. It's now worth around £400k and we owe £200k on the mortgage. If we stay here, we need to replace the kitchen and get other work done. It's a three bed house, but one of the bedrooms is quite small and we use it as an office, so we're effectively a two bed house - one for us, and one that's a nursery. It means we're not able to host friends and family, which is a blessing and a curse. There isn't much outside space and the garden is not safe for the toddler, and the house in general isn't very child friendly. There's also a limit to how much we want to spend improving the house, because it feels like there will be diminishing returns. + +The housing market around here has been getting steadily more expensive, and it's pretty bonkers. + +On Saturday, we're set to view another house that we really like. It's on the market for £650k. It has four bedrooms and a study, plus more storage, and the layout and garden seems like it would work well for this next stage of life. Extra space would mean we could host loved ones and have space for another kid. + +We can shuffle our finances around a bit and think if we stretch, we could afford it, and our loan to value ratio would be about 70%/30%. Looking at mortgage calculators, our mortgage repayment would be about double what it is now, which we are pretty confident we could afford. (Long term fixed rate - this would protect us from further interest rate rises?) + +We are quite risk averse people and are very conscious of the increasing cost of living and trajectory of bills, etc. We don't want to over extend ourselves and end up super stressed by money so are feeling cautious, but we want to live the best life we can. We have started work on a budget, but need toddler free time to dig through records. + +The question we keep coming back to - in the present day, is it better to own more of a cheaper house and have lower mortgage repayments, or is it better to own less of a more valuable property and have higher cost of living and a better quality of life? + +How do you go about deciding what investments to prioritise, and how do you factor quality of life into that? Do you have any recommendations on things we should read? + +Please let us know if you need more info. Thank you! +https://www.news.com.au/travel/travel-updates/incidents/plane-carrying-133-crashes-in-china-casualties-unknown/news-story/283d107abceae4c132f821d15bf060a3 + +Another 737 has crashed in China. Pre market trading the stock is down over 6 percent. If this is connected to previous crashes this will be a disaster. +Or, what goods don't ever get worse? As in, the first Coke is awesome, the second is good, the third is alright, etc... + +Transportation doesn't work, drugs don't really work, and I'm stumped. Can anyone help? + +EDIT: Cash isn't the right answer. The first dollar you get is worth a lot more to you than the millionth one. While they may be worth the same empirically, their worth to you declines. +### Welcome to the third /r/economics Graduate School Panel! + +---- + +It's the summer, and many of our users will be starting to put their applications together for the fall. If you have any questions about preparation and applications, ask away! Or, if you're thinking about econ grad school in the future, feel free to ask about planning and programs too. + +---- + +The following users have already agreed to offer their time and answer questions (thanks folks!): + +Panelist | Degree | Current Status | Additional Details +---|---|----|---- +/u/calcardinal | PhD, Economics | Degree | Finance prof at an M7 school +/u/Radient_Vector | MA, Economics | Degree | I have an MA in economics, and was a PhD student (also economics) for several years. I'm now a data analyst at a non-profit. I've been through it all and can share my experiences. +/u/MrDannyOcean | MS, Statistics | Degree | If anyone is interested in doing the undergraduate economics to graduate statistics route, I'd be happy to talk. +/u/LordBufo | PhD, Economics | 2nd Year | +/u/dmoni002 | MA, Economics | 1st Year | +/u/canadabrah | PhD, Economics | 1st Year | I am at a Canadian school so I can field any specific questions related to that. +/u/EditEngine | MA, Geography | Degree | I am an economic geographer with a M.A. in geography. I study finance, lending, banking, and credit. +/u/UpsideVII | PhD, Economics | 1st Year | I can answer any questions about surviving first year. I've also made a hobby of admissions to graduate programs and have learned a lot by talking to various admission committee members so I'd be happy to answer any admission questions as well. +/u/DrunkenAsparagus | PhD, Economics | 2nd Year +/u/Feurbach_sock | MS, Statistics | 1st Year | Have an undergraduate in economics and a few years of experience in analytics +/u/a_rory | MS, Quant Econ | Degree | If people have Europe centric questions I'd like to help +/u/twenafeesh | MS, Natural Resource and Environmental Economics | Degree | I am currently employed as an energy economist in the utility industry +/u/Wicked_UMD | MA, Applied Economics | 1st Year | I'm a first-year student in an Applied Economics Master of Professional Studies program. It's in DC so highly focused on being a practical application of skills for an economist who might work for government or at a think tank, and explicitly not intended for someone looking to go the PhD route. + +---- + +If you haven't volunteered yet for our panel, and would like to, please post a quick comment below describing your background. In particular, it would be great to hear if there's anything particular about the application process you can speak to (e.g. applying to grad school after significant work experience). As an incentive, volunteers will be awarded **special red flair** for your field. Just **PM the mods** with a link to your top-level comment and your desired flair text (e.g. PhD., MA., Finance, Game Theory, etc.). + +---- + +In addition, we have the career resources and advice in our /r/economics wiki (thanks to /u/Integralds). There's a *lot* of information here. Check it out! + +* [Online Resources for Grad School Apps](https://www.reddit.com/r/Economics/wiki/career) +* [Advice for Undergrads](https://www.reddit.com/r/Economics/wiki/career_undergrad) +* [Grad School Application Checklist](https://www.reddit.com/r/Economics/wiki/career_courses) + +You can also browse our previous Grad School Panels: + +* [Grad School Panel I (Nov 2016)](https://www.reddit.com/r/Economics/comments/5f7p5o/reconomics_graduate_school_question_thread/) +* [Grad School Panel II (Feb 2017)](https://www.reddit.com/r/Economics/comments/5wcut1/second_reconomics_graduate_school_panel/) + +----- + +This thread will run for the next two weeks. +*As per /u/jtnichol's suggestion, a standalone post. ([Original here](https://www.reddit.com/r/ethtrader/comments/awr8yb/daily_general_discussion_march_3_2019/ehpfa2e/).)* + +So, I'm going to offer my unsolicited "go-to" articles and books I've reread in the last weeks and months. Coming from the perspective of preparing for the next bull - you want to make smart choices once you have an abundance of options. + +* Paul Graham's Cities (http://paulgraham.com/cities.html) +* Nassim Taleb's Antifragile (https://www.goodreads.com/book/show/13530973-antifragile) +* Jim Paul's What I Learned Losing A Million Dollars (https://www.goodreads.com/book/show/1334384.What_I_Learned_Losing_a_Million_Dollars) +* Paul Graham's Wealth (http://paulgraham.com/wealth.html) +* Marc Andreessen's Four Types of Luck (https://pmarchive.com/luck_and_the_entrepreneur.html) +* Alain de Botton's How Proust Can Change Your Life (https://www.goodreads.com/book/show/23420.How_Proust_Can_Change_Your_Life) +* Hitchens' Letters to a Young Contrarian (https://www.goodreads.com/book/show/503150.Letters_to_a_Young_Contrarian) +* Lewis' The Big Short (https://www.goodreads.com/book/show/26889576-the-big-short), also recommend the movie (those guys *knew* they were right but took shit for months/years - paycheck eventually came) +* Simler/Hanson's Elephant in the Brain (https://www.goodreads.com/book/show/28820444-the-elephant-in-the-brain) +* Richard Bach's Illusions (https://www.goodreads.com/book/show/29946.Illusions) +* Will Durant's Lessons of History (https://www.goodreads.com/book/show/174713.The_Lessons_of_History) +* Ayn Rand's Atlas Shrugged (https://www.goodreads.com/book/show/662.Atlas_Shrugged) +* Robert Hagstrom's Investing The Last Liberal Art (https://www.goodreads.com/book/show/209954.Investing) + +And then anything from Matt Ridley, Krishnamurti, Malcolm Gladwell, Walter Isaacson. Can share more if you guys would like that, but I guess this is a nice list to start with. + +Plus I recommend giving Conversations with Tyler (podcast) a try, together with Sam Harris' Making Sense, Jordan B. Peterson's podcast and Joe Rogan, for some specific episodes, like his ones with David Goggins. Many of the above-mentioned authors were guests on any of these podcasts. + +Recommendations are welcome! + +Edit: I completely forgot a side project I'm doing - I read my favorite articles/books/podcasts so that you can listen to them on the go. Check it [here](https://archive.belgianboy.com/). Maybe start with [Naval's How to get Rich tweetstorm](https://archive.belgianboy.com/how-to-get-rich-without-getting-lucky/). It takes me a lot of work to read them but I'll add some more in the future :) +**Lol just kidding, you can pry my ETH out of my cold, dead hands.** Until then I will enjoy the ups and downs which we inevitably experience on our journey to the moon. + +If you're new and are struggling with this dip, here's some advice: + +In crypto, the insane volatility is the price you pay for such large potential gains. Don't sweat the volatility, it is normal and does not in any way reflect the fundamentals or the long-term price prospects of Ethereum. Just hold your ETH tight and don't bother trading/selling to buy back lower unless you do it full-time. The pain of being left behind far outweighs the gains from getting it right. Most inexperienced traders lose money anyway. Just DCA, HODL and take profits before the end of 2021 as any current losses will be nothing compared to holding through a bear market. I still recommend HODLing a 10-50% of your stack indefinitely, but don't be scared to take profits with the other 50-90%. If you don't yet have an exit strategy, I discuss the important things you need to know before making one here: https://old.reddit.com/r/ethtrader/comments/ikgh45/do_you_have_an_exit_strategy_heres_why_you_should/ +Hello All, + +&#x200B; + +After working on my trading for some years, I started with my algorithms on Quantconnect. + +What I have realized after one year of copy-pasting, is I need to learn Python (which I have selected) in depth before I can freely work on my algos. + +So I want to check with you all for some good complete Python courses (Free as I think there are many) which I can use. Mainly which can conver some good libraries like Panda, numPy etc with Python basics. + +&#x200B; + +If there are any university courses that you are aware of that will be also super helpful. + +I have coding as my background on more object oriented languages so that may be a plus. + +&#x200B; + +Thank you +Anonymous account for obvious reasons but I wanted to share my story. + +Edit: I was making 18k per year while working construction in 2012 because I had trouble finding work in my field of study. I worked hard, made a career change, and my first "real" salary was 52k per year. + +I started buying Bitcoin in June of 2017. I continued to buy small amounts as the price increased. I was convinced I would "never" be able to afford an entire Bitcoin but I kept at it. I was only making about $59k per year at the time ($10,000 below the median income for my area) and still trying to pay off what had started off as over $100,000 in student loan debt. + +Like many others, I was discouraged by some of my purchasing decisions (like buying at 17k), but I kept buying until I had my first whole Bitcoin around October of 2018. Even then, I was only down about 35% because I had made purchases starting in June of 2017. Then, shit hit the fan in November of 2018 and I watched as I was suddenly down more than 65%. My bags were heavy and I truly understood this was the despair stage. However, I didn't give up and I actually bought another full Bitcoin at $4,100 in April of 2018 despite feeling like my anus had been stretched to the max. + + +I didn't really buy any more Bitcoin after that for a long while. I felt that I had reached the "don't invest more than you can afford to lose" limit and I was a member of the 10 million club with my 2.1 BTC. I paid off debt, lived life, fixed up my house, etc. I thought I was done buying Bitcoin. I finally "broke even" around the $7,700 price mark. + + +Fast forward to March of 2020 when we crashed because of Covid, I was kicking myself because I didn't really have money at the time to buy more. I only had a couple thousand in an emergency fund and I don't touch that unless there is a true emergency. + + +Then a perfect storm happened. I got a new job close by that was paying significantly more money and I needed to sell my house. A house that I had built up a lot of equity in over a short period of time. I went from only having a $2,000 emergency fund (plus 2.1 Bitcoin that was worth about $22,000 at the time) and a standard 401k from my previous employer worth about 55k, to about $65,000 in cash from the sale of my house and $55k in a 401k that I could now put into an IRA. + + +I put 10% down on the purchase of a new home, bought some stuff, and I had $30,000 in cash once the dust settled. At first, I thought that money would simply be my 3-6 month emergency fund and it would sit in cash in my checking account, earning 0.0007% interest. That's the responsible thing to do, right? Around this same time, I rolled my 401k from my previous employer into an IRA in part because they wouldn't let me buy GBTC. I found an IRA provider who allowed me to buy GBTC and I sent the money over. It took me 7 years to build up a 401k worth $55,000. (I think I averaged about 13% annual returns). + + +Between the cash and the new IRA, I had over $85,000 just sitting on the sidelines, waiting to pull the trigger. This was more money than I had ever had before. BTC sat around $9,000 for several weeks and I was convinced we would retrace back down to 7 or 8k before the next bull cycle. I hesitated out of fear, because of all the FUD surrounding Covid. + + +Then I saw the news about Microstrategy, then the price pumped to over 11k (Fuck! I can't buy 3 whole Bitcoin anymore with my 30k). I knew I was FOMOing in, but I figured it wouldn't matter much in 10 years if I bought at 9.5k or 10k or 11k. I think seeing institutional investors was the thing that pushed my hand to go "all-in". That, and I still have a good 30 years of work ahead of me so if I go bust, then at least I can start again. I bought $30,000 worth of Bitcoin at $11,100 and I bought about $55k worth of GBTC when BTC was around $11,300. + + +Now, I've more than doubled my net worth in a matter of months and it feels fucking great. Altogether, I've put about $100,000 into Bitcoin which is now worth more than $260,000. I'm hopeful for the future and I think 2021 is going to be a great year for Bitcoin. I don't plan on selling my Bitcoin for anything other than paying off my mortgage. I've already decided that whenever my $30,000 BTC buy becomes enough to pay capital gains taxes and my mortgage, I will sell. I'm making the decision now so that I won't have to later. I will always HODL at least 2.1 BTC to give to my kid or a charity if my kid turns out to be a little shit. I'll start to sell some of my GBTC in 20 years when I'm getting ready to retire. I hope they launch a Bitcoin ETF before then so that I don't have to pay 2% every year. I've already been through a full bull/bear cycle so I feel I am better prepared for when it happens next. I've only sold once before early on, and I regretted it so now I have diamond hands. + + +Onward and upward. + +Edit: For all of the folks who are saying I shouldn't pay off my mortgage, I understand what you're saying. I could make considerably more money if I just HODL for 30 years. I could also lose it all because even though I'm a believer, Bitcoin isn't a sure thing. A paid for house is. It's also a great way to give myself a 25% pay raise which would give me far more cash flow to invest in businesses or give to others in need or improve the quality of life for me and my family or even to buy more Bitcoin. I have very personal reasons for wanting to pay off my mortgage. It's a goal I've had years before I ever heard of Bitcoin. 2.1 Bitcoin + my Greyscale funds will be enough to live comfortably well into the future. I don't want to be greedy. +Hi everyone. My husband and I are thinking of having kids and purchasing a house. I know everyone's situation is different, but I'd really like to hear yours. My biggest worry is that we'll realize it's better for me to stay home or work part-time after having kids due to the amount of work, significantly reducing our budget. + +Does that seem like a high possibility based on your experience? Should we budget all our future expenses based on one income? + +This is our current breakdown. + +Take home income per month: $12.4k. Also get $12k take home in bonuses per year. + +Current savings: $550k (we'll be using the bulk of this on a down payment). + +We're thinking of purchasing a $1.1m - $1.2m house. Sounds high, but this is the price range for a starter 3bed house near Toronto. We'd put $450k down and our mortgage (principle and interest) will be $2600 - $3000 per month. + +We currently live in a condo, so I'm not sure how much more expensive a house is to maintain, but I'm estimating our total monthly housing expenses will be $3900 - $4300 (mortgage, tax, insurance, utilities, maintenance). + +Does that feel too high to budget on housing with the uncertainty of our income changing after having kids? +Just a little background about me - recent college graduate with a solid job and 0 debt. Currently, I am maxing out my 401k (19.5k) and Roth (6k). Also, my emergency funds are saved up for 1 yr worth of expenses. I do not have any kids but read about 529s and how they can be tax advantage. At 23 years old, is it too early to open a 529 or should I wait until having children. I do not plan on having kids until 30 but want to start saving up for inevitable expenses. Any advice would greatly be appreciated + +**Living in NJ so there are not state advantages as I am aware of +I remember I saw this here a while ago and that some people have been able to lower the options commission from the standard $0.65 per contract. For some context, I have been on this account for about 7 months and have probably paid like at least $60 in commissions so far (rough estimate). What price have you been able to get it to? Any tips for me? Also, to even begin the negotiation, do I just call the customer service number? +Working on researching some strategies using the options calculator. What are some stocks $25-$50ish price, that have consistently high IV? Some of the websites out there that I find have lists populated with stocks that ran fairly flat except for the past week when they had a bad news event. I am looking for consistently high volitility. +Just a quick post coming from someone that has co-signed twice and gotten burned twice. Shame on me for not learning my lesson the first time. If you co-sign for someone, you assume the same level or responsibility for that debt that they the primary does. The account lands on your credit report the same way it does theirs. If they stop making payments, those late payments land on your credit report and you're responsible for the debt just as they are. + +This probably happens most commonly with family members and significant others, but I'm sure there are examples as well of friends co-signing etc. It's not worth ruining one of these relationships if things take a wrong turn, so just don't get involved. It's better to have a mini battle up front to the tune of "I understand where you're coming from, but I just don't co-sign / it's not something I'm comfortable doing" and not get involved rather than a major possibly relationship-ending battle if it doesn't go well. + +If I had a top 10 list of my biggest credit-related regrets, looking back the 2 times I co-signed for others would be extremely high up the list, if not at the top. + +If anyone would like to share some co-signing horror stories feel free to do so! + +Edit: A few requests throughout the thread have asked me to share my story so I figured I'd add it to the OP with an edit. So I got burned by two exes, about a decade apart. Both had subpar credit, although at the time I didn't really understand credit at all as in why it was subpar (payment history issues, etc). The first one didn't burn me too bad, as there was only maybe a year or so left of ~$250 payments. You all already know the script... we broke up, payments ceased, I took them over. A decade later I was much more reluctant to co-sign after my first experience, but the person I was with at the time was having major dental issues... constant pain that went on for weeks and months. It got to the point where co-signing (Care Credit to get the work done) seemed like the only option. Again the relationship didn't work out and I was left holding the bag. Burned twice, so definitely shame on me. +I've considered making this post for a while. After reading some of the [Anyone here helplessly watching the slow trainwreck of their parents/relatives finances?](https://www.reddit.com/r/financialindependence/comments/5o9bb9/anyone_here_helplessly_watching_the_slow/) thread, I've realized now is the time. Partially crediting /u/The_5_Laws_Of_Gold for [inspiration](https://www.reddit.com/r/financialindependence/comments/5o9bb9/anyone_here_helplessly_watching_the_slow/dchpzlq/). I'm sure this discussion has been had before, but hopefully I'm adding something new. + +Look at us. Many of us are young, "successful", [saving an assload of money](https://www.reddit.com/r/financialindependence/comments/5mk5p6/how_much_real_free_time_do_you_have_after_your_95/dc48dyu/), and trying to make the best run we can at life. But what makes us so special? Why isn't everyone else doing what *we're* doing? Surely they must be making some calculable error. If only they were as smart as us, right? + +It's so easy to fall into this trap. It's true, we are special, but we are not better. Everywhere you look you see people with money problems, and those of us here know in most cases these money problems are unnecessary. But, unfortunately, the money problems are usually just symptoms of bigger problems - personal or even societal. Solving their money problems won't solve those. And let's be honest, loads of us have our own problems, and the way we view money can be a symptom of something too. Personally I prefer to be on our side of the equation, but I'm very fortunate to find myself here. + +I myself was riding the proverbial high-horse all the way to financial independence until I changed my mindset, and it's made me a much happier person. I know there are loads of people in this community who either never fell into this trap (congratulations, you're a better person than me!), or are already on the other side of it. But I know there are people out there who are still stuck, or might be in the future. + +So, here are a few of my tricks for staying grounded: +_____________________________________________________________ + +**Remind Yourself It's OK To Be Different** + +I think one of the toughest aspects of pursuing FI is embracing the idea of being different from the majority, and some of us tend to compensate for this with a superiority complex. Along the lines of "There's nothing wrong with me. I'm not different, I'm just better!". This is probably not healthy and won't get you anywhere good. If you can't handle the idea of being different and need to compensate with superiority, then maybe FI is not for you, or you're just not ready for it. + +In addition to this, I think some of us create a bubble of moral superiority to protect us from the temptation of consumerism. "The FI way is the only way, it is the best way, all else is less than moral". Yet again, this is a one way ticket to being a basket case. You're different, not morally superior. + +**Tell Yourself Everyone Is Doing The Best They Can Do** + +How do you know that every single person you know at this very moment isn't doing the absolute best they can do to their abilities? It's impossible to know that they're not. Yes, people improve over time, but that is just the natural progression of things. Just because they were worse than they are now also doesn't mean they weren't doing their absolute best *at that time* in the past. It took time to get to where they are now, just like it did for you and me. + +Assuming everyone is doing the best they can do doesn't mean they don't have room for improvement - it doesn't have to be a defeatist attitude. It just takes into account that everyone is different, and has different backgrounds and abilities. + +You can use this to excuse the mistakes of your past as well. Including your past feelings of superiority *right now as you read this*. If you're reading this and thinking, "Boy, this guy is right. I have been a jackass with a huge superiority complex", then that's great you have this level of awareness. You had to go through that stage to get to where you are now. I know I did, and it took me longer than I would have liked to get to where I am now. Hopefully in reading this you will become a better person faster. + +**When non-FI Thoughts Run Through Your Head, Embrace It** + +To achieve FI many of us have to make sacrifices in the short-term for long-term gains. Some of us enjoy making sacrifices, others not as much. And some sacrifices are harder than others. Well, every time you find yourself in a state of finding a particular sacrifice hard, remind yourself that other, non-FI-seeking people would feel the exact same way, and they choose to not make the sacrifice. It's easy to understand why they make that choice as long as you are cognizant of the fact that it's even hard for you sometimes. + +_____________________________________________________________ + +Now, I'm imagining a counter to this entire argument being something along of the lines of the following: + +"But OP, competition is our greatest ally. I feel superior with my choices because my natural human instincts have made me that way. Competition is what got us to where we are as a species. It drives us. It's up to us in the FI community to choose the moral high-ground and set the bar for everyone else. Without some element of superiority, I would lose all motivation to continue on this path, which I do believe is indeed the morally superior path to take." + +And to that I would say that competition can also be our biggest downfall, and morality is based on a point of view. We have to keep it in check - make it an angry voice in the background, not one that consumes all your thoughts and feelings, inhibiting your ability to have healthy relationships with people. + +Hopefully others can share their thoughts on this. I think dodging the trap of moral superiority on the path to financial independence is one of the most important aspects of carving out a happy life for yourself while pursuing FI, and in post-FI life. I actually think this type of conversation should be one of the first stops for people when they attempt to board this FI train - on some level many people may avoid the FI approach solely because they don't enjoy the feeling of superiority and being unrelatable that FI can bring. + +This is my first big post on /r/financialindependence, and I'm scared to hit submit. Please be kind. +I just called Vangaurd to DRS the shares within my IRA. + +I called computershare last week to make sure they could accept IRAs without creating a taxable event. They assured me they could. + +Vangaurd rep flat out told me they can’t. + +I asked him why and he just said he can’t transfer to computershare within an IRA. + +I asked him to explain and he said “all we have been told is it’s a cost basis issue” + +I told him “cost basis has nothing to do with anything unless you don’t own my shares and when I direct register them you would have to go buy them on the open market at the price now which is different” + +He said nothing. + +I asked to speak with a supervisor and he said “he will tell you the same thing and the callback time is 24-48 hours not to mention a transfer takes 10 days to 4 weeks. + +I told him to have the supervisor call me anyways. I also asked him if I could transfer to fidelity and he said yes. Then I asked why is it a difference to transfer to computershare if they can accommodate it? He gave me very basic same answers. He must have said “we cannot transfer shares within an IRA with computershare” like 5 times. + +Stay tuned for the phone call with the broker my Roth is in. + +Edit: anyone have the link to report this to finra or watever? + +Edit: also I will make a new post this week to follow up about the supervisor call and my ROTH. +Last month, BAT gave out promotional tokens to Brave users. All tokens were claimed following an endorsement from Phillip DeFranco. + +Brave users are required to donate these tokens to content creators (primarily Youtubers at this point). Users have already allocated who will receive their free tokens, and payments will go out mid Feb. + +According to my Brave payment page, my BAT donations are slated for Feb 16th. I expect most will go out at some point next week. Expect social media buzz, particularly on YouTube once content creators start to see money rolling in, and realize this is a valid revenue source. + +https://twitter.com/AttentionToken/status/957808157815857152 + +https://twitter.com/phillyd/status/953720245847388160 + +https://twitter.com/BartBaker/status/953752677992751105 +You guys. It might have something to do with the fact that I've massively increased my net worth since I started coming around here, but y'all are some good people. + +We've got our trolls and our shitposters (myself included), but honestly, the community around Eth is pretty great. Keep it up guys <3 +Hey guys, I just got laid off from my job making 110k/year. Sole earner for family, wife, 3 kids. I have a little bit of runway to look for another job but I am looking for sound advice because I can't think straight right now and my wife is more hysterical than me. + +I have 150k mortgage on a 350k home, payments $1360/month. + +0 credit card debt, cars are paid off (older one worth ~3k and newer one worth ~25k), but I have 19k on a home equity loan with variable interest rate 4.25%. Min payment is interest only ~$70/month which is what I'm going to start paying now. + +What I've been averaging: +$600/month groceries +$300/month preschool fee (ends in May) +$190/month car insurance for 2 cars +$100/month phones +$150/month utilities +$100/month internet/TV/Netflix +$80/month gas +Another 200-300 miscellaneous (but will cut back on this stuff now) + +I have $14.5k cash and could burn through that money if I can't find a job in several months. I also have 90k in 401k that I can withdraw with the penalty if it gets really bad. So how crazy is it? I need phone/internet to look for a job. But do I pull my kid from preschool and go into hermit mode? Cancel TV and Netflix (which is only $10/month). Think about selling a car? Let the mortgage bank know and talk about changing terms? + +Also, thinking about next job, do I hold out for six figure job or just take whatever (which I really don't want to do but will if I have no choice and if that's what makes sense). What's the best way to think about this? Do I take a job ASAP that pays way less, how much less makes sense? Just need sound reasoning. Thanks! + +Edit/update: Wow, thanks everyone for all the awesome feedback. Definitely makes me feel better. So major take away is 1) relax (thanks for this again, I really needed to hear this) 2) apply for unemployment which will extend my runway 3) hold out for maybe a month for somewhat equal paying job, then start to scale back expectations. Honestly, I wasn't very worried until my wife started barraging me questions, worries and concerns. I started to wonder if I was like the Captain of the Titanic, where not taking drastic measures immediately was being stupid. Yeah, that definitely DOES NOT seem to help (unless this is equivalent to the Titanic analogy), so I started to second guess myself and wanted other's opinions. + +Sorry I can't respond to everyone and thank you one by one. I've read everyone's comment and want to thank you all though. +So, I was offered a job recently which I rejected, unfortunately the new employer wanted to pay me the same wage on more hours with the promise of "great growth!". + +What puzzles me is the number of times they mentioned "Well, because we generally pay overtime, we're a better employer that your current employer who doesn't pay over time!". Honestly, this was a massive *red flag* for me. I don't believe any employee should earn their wage through spending several more hours a week in overtime. + +After rejecting the initial offer, was re-offered 10k more, rejected that also; the manager was puzzled, responded with quick and subtle underhand comments such as "I hope you're not going for a job because of the money!" and three times (not once, not twice but 3 goddamn times) he mentioned the whole "well the overtime is worth it!" business. + +I don't understand how this is a selling point for any employer out there... No one wants to work more than 40 hrs a week. It's always better to gain an increase in salary for the same number of hours. + +Anyways, that's my little rambling... + +Edit- + +I work in consulting, where overtime rates are *not* applicable i.e. no 1.5 or 2 x standard hourly rate. Therefore our pay is essentially flat rate, regardless of whether we work weekends or over holidays. + +I understand that different fields have their benefits, where overtime is actually really useful, however in my field we'd generally be taken for a ride where the company benefits from it the most. Most company rates in my industry are approximately 200 dollars an hour, where we (as an employee) would only share approximately 35 to 40 dollars of that cut. I would gladly accept overtime knowing that anything over the standard 40 hours per week is counted as double time or even triple (heck I would be making massive bucks). + +Considering the lack of double time, or otherwise, it's very hard to justify *willingly* taking on more hours per week thus deterring me from my social life or hobbies. Private companies don't give a damn about their employees, it's always about their profit line and how they can screw over their own staff, therefore it's very surprising when managers from a company heavily back "paid overtime" as a benefit. P.S. they may even use this against you in a salary review in the future - "You earn overtime! Just work more hours! You'll get paid more!". + +I've hit a point in my life where earning a higher salary at set hours is the best way of avoiding burn out. I recall earlier in my career working for a company that offered me overtime, I ended up working 10 days, 12 hours a day, all on the same rate (1.0). I did that for 2 years and at the end of the journey I was a wreck mentally. Sure I earnt a little bit more money, but that's the thing, you can essentially earn the same wage with standard hours**.** Thankfully, my current employer provides me with a wage that pretty much equals out with the earning potential of what was provided by my previous employer, which is insane considering I thought I was earning well for all those hours I had put into overtime etc. + +Tax is a massive factor too, but I don't want to go too much into that. + +Moral of the story, **for me at least,** is that overtime is something I should steer clear of. Instead, I would utilise my free time to spend with family, hobbies and improving my skillset to earn a promotion and in turn more money for less hours. +I understand, this is a GME sub so why are you talking about another stock. This is about how something in the market is affecting those that are shorting our beloved GME, specifically the bad quarter reported by Amazon. At the time of writing this, the stock is currently down \~7% or $255 after hours. What I find interesting is the institutional ownership. Almost $250M wiped from the big 3 that are betting against GME. Now they have calls and puts probably to hedge these bets and I have no clue how that affects any of this but today was a bad day for them. This is what margin calls are made of 😊. + +Point72 – 82,148 shares - Today’s loss - $ 20,947,740 (number of shares x $255) + +&#x200B; + +https://preview.redd.it/ykz1lutz88e71.png?width=552&format=png&auto=webp&s=48daf74067bc3ba9375f27140a3661ffe990b86b + +&#x200B; + +[I'm assuming Hong Kong is still a part of them but their share count is low so doesn't affect the numbers much.](https://preview.redd.it/g7307hb198e71.png?width=554&format=png&auto=webp&s=c8af197d54777e9ed2a2391a094af254bad08c77) + +Citadel – 205,965 - Today’s loss - $ 52,521,075 (number of shares x $255) + +&#x200B; + +https://preview.redd.it/fx3dim6298e71.png?width=555&format=png&auto=webp&s=15899c47c401113370579fcf7f7f3678fe20bb19 + +Susquehanna – 700,369 – Today’s loss - $178,594,095 (number of shares x $255) ignore Hbk Investments + +&#x200B; + +https://preview.redd.it/nz1x4xw298e71.png?width=550&format=png&auto=webp&s=9074da022760679009176dbd17fab84b5559c601 + +Melvin - 125,000 shares - Today's loss - $31,875,000 (does not include their large loss in PINS as well) + +&#x200B; + +https://preview.redd.it/lyjm25jid8e71.png?width=694&format=png&auto=webp&s=c99d95dd8c598f00fa0fd1a93e0b144b58097226 + +Institutional Ownership information from [https://fintel.io/so/us/amzn](https://fintel.io/so/us/amzn) + +EDIT: Thanks to u/No-Ad-6444 \- added Melvin to the list. +Only 8% of large cap mutual funds were able to outperform the S&P 500 over a 15 year period. Billions are being made by the industry and they are providing little back to investors. Beware the "closet indexers" funds that are charging 1%+ but are basically giving you index performance. + +http://public.econ.duke.edu/~boller/Econ.471-571.S17/Indexes_Stock_Pickers_WSJ_041217.pdf +So I just purchased a 6-plex that cash flows and am currently looking at purchasing another building that cash flows. Seems like now is a good While interest rates are low but I’ve been reading a lot about guys getting over leveraged and loose their shirts in a down turn or housing crash Ect. + +What do you consider over leveraged as a real estate investor ? Most people couldn’t pay there house off if the bank ever pulled the note so what’s really the difference between owing 500k or 2mil. if things are cash flowing and able to pay for themselves how much of a concern is it. + +Does anyone calculate their loans at 5% to see if they could still stay afloat if rates rise. + +Other than the standard debt service ratios is there any other calculations people use ? +As we're gearing up for PoS, I'm curious how many people would jump right in as soon as they can, wait, or something else? If you had 32 ETH, what would you do? +**EDIT:** Meant to say "consider accepting Yuan for oil." + +Well, here you have it. Just a few days after Jerome and Janete made their rounds in front of congress and the media assuring the US Dollar would retain it's reserve status, we already have news of countries considering leaving it. + +Like clockwork, the opposite of what they say seems to happen a short while after. + +Whether it's about transitory inflation, our dollar's reserve status, or the risk of a recession, it seems they've been off the mark for a while. + +https://www.forexlive.com/news/saudi-arabia-considers-accepting-yuan-for-oil-sales-opec-leaves-demand-forecast-unchanged-20220315/ +I can only imagine how many of us European apes can't just make a simple 6/9 minute phone call and get our shares DRSed like the rest of the sub. Shit, the fuckin eToro does not even allow you to transfer out of them to any other broker.  + +But thats just an excuse, for people who still think that not **every registered share matters**. With this paycheck **I was able to register X shares**. And I know that **EACH share matters**. The IBKR way works, and I will share all my steps. + +&#x200B; + +[ Me joining my fellow Apes who have already direct registered their shares with ComputerShare ](https://preview.redd.it/febe17lj6eq71.png?width=1023&format=png&auto=webp&s=308fcec3e717d6acdc98fcca6ed3112932fda58d) + +# 1. Open an account with IBKR + +It took 1-2 business days to verify my account. + +# 2. If you want to transfer, check if you can transfer SOME of your shares to IBKR. + +Now my primary broker is eToro, and I don't have that option, but you should check yourself. The **transfer options are located under Transfer & Pay > Transfer Positions > ACATS**. Check if your broker is under the dropdown menu. Now I hope I don't get called a shill when I say "some of your shares", as I definitely **mean at least 80% of your shares.** Keep in mind that in MOASS, 1 share sold will be RETIREMENT money. If I could transfer out of eToro, I would have registered 95% of mine. +**Note:** there might be some associated fees with your possible transfer. E.g. Revolut transfers are possible (as their broker is DriveWealth), but you need to have 100$ as a transaction fee (either in your IBKR or your Revolut trading account). + +**If you don't want to transfer or it is not possible to do, then:** + +# 3. Fund your account. + +I know this might be the hard part - but wait for your paycheck, or look around you and sell some unnecessary stuff. I bet there are many things you can do to get about 200$ for at least 1 share. Keep in mind that the transfer to ComputerShare costs additional 5$. + +# 4. Buy that discounted GME and jack your tatas + +Congratulations, you just got yourself one step closer to the MOASS. + +# 5. Wait for 2 days for the trade settle. + +Your transfer will be rejected if the trade hasn't been settled yet, as the T+2 rule applies here. + +# 6. Send a simple message to IBKR asking for DRS transfer. + +The IBKR support guys can be contacted from **Account management > Message Center > Compose > Fund & Banking > Position transfers**. My message was basically saying:  + +*"Please DRS my whole GME position to ComputerShare."* + +To which I received a response: + +*Please confirm how many shares, and that you accept the fee of 5$ for the transfer.* + +**I confirmed.** + +3 hours later I received confirmation letter that the transfer has been initiated.  + +&#x200B; + +[IBKR initiated the transfer](https://preview.redd.it/9rh1b9ml6eq71.png?width=782&format=png&auto=webp&s=50fbcd351a2a56b769dd2e6bd2ccc26f5d5be1fa) + +So, to summarize, **you should be able to direct register your shares using just the below template**: + +Subject: **Direct transfer my GME position to ComputerShare** + +Body: **Hi** + +**I would like to DRS my X / XX / XXX** (or whatever) **number of shares of GME from my account to ComputerShare.** + +**I am aware and I agree with the 5$ fee for the settled transaction.** + +**Thank you** + +To which, you should receive the automatic confirmation when the process is initiated (mine was quite fast, 2-3 hours at most). + +# AND THATS IT. NO EXCUSES. IBKR is the way to direct register the shares for Europoors. It is really just THAT simple. + +PS. I am from Bulgaria, so the conspiracy theorists might question my English as well, as they do the landing on the Moon. + +Not a financial advise. +So Ryan Cohen originally purchased his 12.9% stake in Gamestop at $8.43 per share average. Based on the current price, this is about a 2300% profit. + +Per his contract as a board member, he cannot own more than 20% of the company, leaving him with 7.1% company stake remaining he is able to purchase, or roughly 3,900,000 shares. + +So let's say he sits and waits till this Friday, when MMs continue to move the price toward 155 (current calculated max pain price for options on 3/19). He then files a 13F, and buy's up 3.9 million shares...this would still put his profit average well over 1000%, AND would blow MM's attempts to pin the price out of the water, triggering a gamma squeeze...this creates massive margin calls by Tuesday 3/23, which coincidentally happens to be when GME reports earnings. The convergence of these two factors in addition to hype momentum ***could be enough*** to then trigger the MOASS imo. Thoughts? + +Not financial advice, I like the stock. +# Preface + +I’ve been heavily interested in the workings of the Fed since March. Thanks to u/leisure_rules, I’ve started looking through OCC data - including large commercial banks. + +Recently, I’ve posted notional values of derivatives within the US market - something that should frighten all of you. I believe Goldman Sachs is in a large pickle, having nearly 200:1 leverage ratio and a 75% reduction in assets since 2019. Either GS or the other two (smaller) banks that are incredibly over-leveraged are likely the first to fall. + +With the recent unconstitutional moratorium extension, I decided to take a look at what is really going on in the backend. I also speculate that the large firms are behind the push to extend the moratorium, as a large enough default rate will reduce household prices, reducing the values of their assets, and will actually cause them to be margin called. + +[Marge doing some practice runs](https://preview.redd.it/1lxvzcw61zf71.png?width=480&format=png&auto=webp&s=f583455bb986caaf84cb80b157c601fa732d22e4) + +# TL;DR; + +You’ve been lied to about demand. Nobody seems to be getting new mortgages, rather it seems (indirectly) that our future owners (BlackRock & BlackStone) are actually the ones that are causing the whole demand to be built up. If we get a large-enough default rate, margins will start calling. + +Sauce: [https://www.occ.gov/publications-and-resources/publications/mortgage-metrics-reports/files/pub-mortgage-metrics-q1-2021.pdf](https://www.occ.gov/publications-and-resources/publications/mortgage-metrics-reports/files/pub-mortgage-metrics-q1-2021.pdf) + +&#x200B; + +# Appetizer + +I’ll paraphrase the document above for you and attempt to prove a thesis that you have been lied to. + +**What are mortgage metrics** + +The Office of the Comptroller of the Currency (OCC) collects data on first-lien residential mortgage loans serviced by seven national banks with large mortgage-servicing portfolios and is reported quarterly to “promote broader understanding of mortgage portfolio performance and modification activity in the federal banking system, support supervision of regulated institutions, and fulfill section 104 of the Helping Families Save Their Homes Act of 2009 (codified at 12 USC 1715z-25), as amended by section 1493(a) of the Dodd–Frank Wall Street Reform and Consumer Protection Act.” + +Before the third quarter of 2019, certain banks reported completed,post-foreclosure,and other real estate owned (OREO) accounts in data used in figures 1 through 4. These accounts should not have been included in those figures. These discrepancies were not material. + +# Sauce + +As of March 31, 2021 the banks have serviced 13.2m first-lien residential mortgages valued at $2.64T of principal balances (This is the total mortgage balance, less interest). + +The mortgage performance declined compared to when the pandemic started, and as a result CARES Act was enacted in March-2020 to provide customer relief, allowing forbearance extensions up to 18 months. + +In the first quarter of 2021, despite eviction moratorium, there were 833 new foreclosures initiated - a decline of 96% compared to the year prior. + +&#x200B; + +[Newly Initiated Foreclosures](https://preview.redd.it/juabeynd1zf71.png?width=1226&format=png&auto=webp&s=10db900465f00d45587b50fc329a791e05ea7f90) + +Among the initiated foreclosures, we’ve seen a significant amount of foreclosures that were completed. + +&#x200B; + +[Completed Foreclosures](https://preview.redd.it/dep8qfnh1zf71.png?width=1214&format=png&auto=webp&s=d6f20a2a4e3d6d90ad12ba5a63d70cb04473c0ee) + +I’m sure you’ve heard that there is a large number of mortgages that are in default > 90 days. Now, the banks (due to the foreclosures) are actually reaching out to the individual homeowners (likely as a result of the CARES Act) and are offering modifications (reduced interest rates or payment amounts or both). + +In the first quarter, there were close to 48,000 modifications made, an increase from 41,000 from the previous quarter. + +Within those modifications, there were: + +* 27,500 “combination modifications” (modifications that include multiple actions to affect the affordability and sustainability of the loan (the both)) +* 20,000 received a single action (rate reduction or term extension) with about 9,400 receiving rate reduction +* 188 received no modification + +So, you can see here - the banks are really trying to avoid having their underlying assets from being dumped. From my previous post, there are a ton of derivatives being in play and IMO the banks have no other choice but to actually work with the homeowners to prevent the shitstorm. + +**Now, why I think you’ve been lied to about the demand being high but the supply low by the individual investors.** + +OCC tracks the total serviced mortgage portfolio, specifically outstanding principal and number of loans that the banks offer. + +&#x200B; + +[Number of outstanding principal has decreased by $400Bn since Q1-2020](https://preview.redd.it/7sjfuajn1zf71.png?width=1214&format=png&auto=webp&s=0eb2cc6cb7eb43c8c356ba922787847ceccc7bcf) + +&#x200B; + +[And the number of loans have decreased by 2,200 since Q1-2020.](https://preview.redd.it/pgt8gmip1zf71.png?width=1214&format=png&auto=webp&s=ca94f6ec6bd995785e2d76e5e194e00b74d8bfcb) + +Which means that the regular people are no longer getting loans to get a mortgage. Despite you hearing that the market is hot, I am no longer in belief that this is a result of regular people and the impact of BlackRock and friends is significantly under reported. + +\[Edit 1\] Now, some of you questioned that the actual supply is down, to show a further proof that we should not be seeing such low new loans by new home owners when new residential housing has actually stayed consistent since 2017, barely hit by COVID, and have gone up. + +&#x200B; + +[https:\/\/www.census.gov\/construction\/nrc\/pdf\/newresconst.pdf](https://preview.redd.it/n9hncsz0x0g71.png?width=1792&format=png&auto=webp&s=17888837512278528734e654564ba3a40c30353c) + +I do not believe that the underlying assets of mortgages will actually have a chance of going down, unless our economy goes to shit as the Prime mortgages actually compose about 94% of all mortgages and are unlikely to be fraudulently reported after the shenanigans of 2008. + +https://preview.redd.it/ru6n7vdv1zf71.png?width=1214&format=png&auto=webp&s=3f0a59ff9953bbba5f7d0dfb9aca5a95e1caeecc + +In the current quarter, we have approximately 4.6% of all mortgage loans that are seriously delinquent. And 94% of all loans are current and performing. + +If anything happens, the likely states that will be affected are: + +* California (no surprise) having 25% of all mortgage modification actions +* Texas with having \~8% of all mortgage modification actions (4x less than Cali) +* Florida with having about the same amount as Texas + +All eyes should be on California, because If shit really hits the fan, California will be the first to light the fires. +We’ve (regrettably) got electric underfloor heating in our kitchen. Does anyone know the most efficient way to run it to keep the costs down this winter? I was thinking setting it to 16 degrees Celsius and having it on all the time…is there a better way assuming we want to use the kitchen? + +So here is a link to the clip of Wes Christian saying this was the 2nd most important thing we can do : https://www.reddit.com/r/Superstonk/comments/nyj0gf/wes_christian_when_asked_what_apes_can_do_to_help/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf + + +Here is a template letter you can use. Feel free to modify it , edit it, even comment a better version of it please. I typed this up on phone just trying to help. + +* +* + +Dear ________, + +Naked short selling was made illegal following the 2008 financial crisis. + +Did you know that entities designated as market makers(MMs) / authorized participants(APs) have been given special powers of creation and redemption on ETFs (https://www.youtube.com/watch?v=iX7fOx5G40A&amp;amp;amp;amp;amp;amp;amp;feature=youtu.be) for “liquidity purposes”( https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf) which has led to a loophole [read as:feature] allowing illicit parties to continue to create illegal naked short positions? Additionally, by using strategic (also illegal) option strategies, they are able to hide these naked short positions. (https://www.sec.gov/news/press-release/2013-151) + +The MMs and APs choosing to abuse this power are able to use ETFs to operationally short and bankrupt target companies for tax free returns. (https://www.youtube.com/watch?v=ncq35zrFCAg&amp;amp;amp;amp;amp;amp;amp;feature=youtu.be) + +Two amazing interviews with Texas attorney Wes Christian, who has been fighting to expose this for two decades, detail further the theft this has equated to. (An estimated multi-trillion dollar problem). + +https://m.youtube.com/watch?v=2rJujnpKiqM + +https://m.youtube.com/watch?v=q8-JO3g5bm4 + + +The ownership and control between the self regulating entities involved also reflect a direct conflict of interest. + +This is a systemic issue that I would really like to spread awareness on and would like to hear your stance on any plans, current or future, to help expose what Wes Christian refers to as, Terrorism on American Capitalism. + + +Thank you and sincere, + + +* +* + +Here are ways to contact your congressmen and senators. + +Not American? Apes of the world, feel free to write them as concerned investors yourself - I see no pre-requisite that you need to live here to shoot them an email - or to even state where you live in the email - if I’m wrong, somebody please correct me so I can not spread false information. + +* +* + +How to find your congressmen: https://www.house.gov/representatives/find-your-representative + +The congressman name should take you to their website with a contact us form or might have an email address listed. + +How to find your senators: https://www.senate.gov/senators/senators-contact.htm + +How to contact your senators after you find them if they don’t have email address listed: https://www.senate.gov/general/contacting.htm + + +For the record- the congressmen and senators aren’t going to do shit, but don’t let that phase you into not writing; what writing will do is just help spread awareness and show its a real issue with a lot more people involved then they currently think and that we are a lot more educated on the facts than they might currently be led to believe. + +All you have to do is buy and hold. This is just if you’re bored since it’s the weekend. +As we face the imminent end of the pandemic restrictions in the US, I find myself anticipating the return to the “normal” corporate grind with significant apprehension. For many outside of tech, including me, this will entail the resumption of daily commuting, weekly air travel, generally sitting in a lot of traffic daily, uncomfortable business attire, and other such bullshit. + +Despite working perhaps more total hours over the past year (combination of good year in my industry and the work/home blurring that has been much written about), I was able to have breakfast with my family and put my kids to bed almost every day which has been a blessing. With some discipline (exercise, etc.), I also found myself with generally more energy, likely from the that which I didn’t have to expend on above bullshit. I sure miss social contact, meeting clients in person, and natural breaks in the day but overall I can’t shake the expectation that the “return to normal” will be a net negative. + +How are you anticipating the return to the normal corporate grind? If you are FatFI or close to it, or have been constantly moving goal posts, how is that changing your views on RE? + +Edit: clarified relation to FatFIRE in last sentence +I recently got a job at one of the major FAANGMULA companies that puts me on the path for fatFire. Part of the compensation is a pretty large amount of RSU’s each year. I was curious what people on this path do with these stocks as it is for a pretty well performing company, but not very diversified. Part of me thinks selling a portion of it to diversify, and then keeping some is the right move. +As a follow on to that, I know that ESPP is offered and seems like an easy way to make an instant profit, but I am again concerned with having too much of my investments in one company. +What is your guys approach to this? +https://www.marketwatch.com/story/the-main-reason-for-the-stock-markets-decline-is-not-the-coronavirus-2020-01-27 + +That real culprit is market sentiment: Short-term stock market timers, on balance, have been extraordinarily bullish for a couple of months now. Even a few days of such excessive bullishness would normally lead to market weakness, much less a few months of such exuberance. So conditions were ripe for a pullback. + +If it weren’t the coronavirus, in other words, something else would have been the straw breaking the camel’s back. +I've stumbled upon a rap video +(https://youtu.be/GTQnarzmTOc) Keynes Vs Heyek were two economist discuss macro economics. The question is what's a governmen shoul do in case of a recession; increase spending to invigorate the economy? or let the markets do its thing to come back to a stable growth? +Hey all, I’ve been hearing over the past few weeks about how there is virtual real estate being sold in the metaverse for millions of dollars. First off, I’ve only taken basic introductory economics courses a couple years back, so I apologize if I get anything wrong, please do correct me. + +From my understanding, the value of this virtual real estate is derived from artificial scarcity created by whoever owns the specific virtual world where the real estate is being sold, as well as the network effect regarding that specific virtual world. + +Personally, I’m failing to wrap my head around the long-term value of this. For real estate in the real world, there is a finite (scarce) amount of land (discounting the people building up more land in the sea lol), and it’s something that’s actually tangible, and I feel that these are the major differentiating factors that give actual real estate long-term value. + +I’m just wondering whether my thought process is reasonable from an economics perspective, or if there is long-term value in metaverse real estate that I fail to see. Thank you in advance! +Hey guys, I'm stuck on a pretty basic question and was wondering if you could help me. I fixed a dumb mistake already, I had put the money balance as 1/y instead of y/2 for some stupid reason. It still doesn't seem right though. + +>Consider a commodity money model like the one described in this chapter but with the following features: There are 100 identical in every generation. Each individual is endowed with 10 units of consumption good when young and nothing when old. To keep things simple, let us assume that each young person wished to acquire money balances worth half of his endowment, regardless of the rate of return. The initial old own a total of 100 units of gold. Assume that individuals are indifferent between consuming indifferent between consuming 1 unit of gold and consuming 2 units of the consumption good. + +>a) Suppose the initial old choose to sell their gold for consumption goods, rather than consume gold. Write an equation that represents the equality of supply and demand for gold. Use it to find the number of units of gold purchased by each individual of gold purchased by each individual $m_g$ and the price of gold $v_g$ + +I know how to use all the hints it gives except for the indifference between consuming 1 unit of gold and consuming 2 units of the consumption good. + +This is what I've done: + +Young constraint: `[; c_{1,t} + v_t^g m_t^g \leq y$ ;]`. + +Old constraint: `[;c_{2,t+1} \leq v_{t+1}^g m_t^g;]`. + +Therefore, the Lifetime budget constraint is + +`[;c_{1,t} + (\dfrac{v_t^g}{v_{t+1}^g}) c_{2,t+1} \leq y;]`. + +Given by the question, real money balances desired by the young are + +`[;v_t^g m_t^g = \dfrac{y_t}{2};]` + +so demand is `[;m_t^g = \dfrac{y_t}{2 v_t^g};]` + +making total demand `[;m_t^g = \dfrac{y_t N_t}{2 v_t^g};]` + +Since supply `[;M_g;]` is fixed we can equate supply and demand. + +`[;M_g = \dfrac{y_t N_t}{2 v_t^g};]` + +So the value of gold should be `[;v_t^g = \dfrac{y_t N_t}{2 M_g};]` + +Plugging in numbers + +`[;v_t^g = \dfrac{10 * 200}{2 * 100} = 10 ;]` + +so + +`[;m_t^g = \dfrac{1}{10 * (10)} = \dfrac{1}{100};]` + +So after fixing the money balance error my answer still looks wrong. If I calculate total demand I get 2. That still seems wrong. + +Anyways any help would be much appreciated. +The answer to this question might be hard to answer with data, its kind of theoretical in nature. I'll attempt to make this brief. + +Globalization starts and economies merge. Let's assume there are only two nations and both have similar wages, standard of living, and cost of living. Not much changes with one exception. People in both nations gain access to products and services that could previously only be produced by the other due to natural resource restrictions. But now assume that one of the nations is poor and the other is wealthy. The equilibrium in the labor market is no longer present. The separate invisible hands that previously defined the wages and prices in the separate economies have been made obsolete. A new equilibrium will be found, but in order for that to happen, the wages and prices in the wealthy nation must stagnate or decrease while the poor nation benefits. If I'm not wrong, then isn't it correct to assume the primary cause of economic instability is the globalization of poor and wealthy nations into one economy? + +I'm not making an argument against globalization, it seems inevitable regardless, but if we could identify the main reason, we might realize the tariffs and trade wars are not helping us. In theory, this economic instability should be a short-term issue anyway. +Hello, + +I've recently spoken to an entrepreneur (let's call him John), who claims that he is using a sales strategy which involves selling the same product as multiple brands (often the only physical difference is the label). John uses those different brands to sell to different types of consumers -- for example: corporate consumers, retail distributors, individual consumers, individual consumers of different interest, etc. - each has a distinguishable brand and a different markup. + +The brands are marketed separately from each other on multiple standard marketing channels (social media, SEO, consumer relations, etc.), though from a 3rd party perspective they all are clearly from the same company, which it's no mystery, nobody is hiding that fact. + +I have a hard time putting a name to this strategy, it's sort of a Flanker Brand(s), but the product is the same (no matter if it has a "Pro" prefix/postfix). + +I'd like to know the pros and cons of that strategy. Is it good for sales? Is it good for brand trust? Is it good against competition? Is it ethical? Is it better than having a singular brand? + +Please let me know your thoughts. All the best! +Update4: Withdrawals complete! Your tokens are in your wallet! + +Update3: It appears the Monetha devs have changed their minds and decided to disable token transfers until 09/05/2017 @ 2:00pm (UTC) They'll be sent to your wallets as soon as the Monetha team enables transfers. + +Update2: [Tokens purchased successfully!](https://etherscan.io/tx/0x940a65da3b7bdfbb5488174c274cbaddd6438c6bba445cb359662d23d8c2ef3f) Congrats to whoever got the bounty! + +Update: Added the [sale address per Monetha's announcement.](https://etherscan.io/tx/0x83f7f19808f9c8d301399385d9ac531cb78e3a727653e95c13871cf304a803be) Contract is now trustless. + +The [Monetha ICO](https://www.monetha.io/) is happening in less than 4 hours. You can avoid the crowd and rest easy by using my [Monetha ICO Buyer Contract.](https://etherscan.io/address/monetha.icobuyer.eth#code) Simply send ETH to monetha.icobuyer.eth before the crowdsale and sit back while my contract takes care of all the hard work of buying into the sale and sending you back your tokens! + +My contract works by placing a 5 ETH bounty on a function which buys tokens during the ICO. Anyone can call the function once the ICO has started to claim the bounty, although they'll be competing with me to be first! + +I've had a [$10,000 bug bounty](https://np.reddit.com/r/ethdev/comments/6x5j33/bug_bounty_for_monetha_mth_ico_buyer_contract/) posted for a few hours now, but that doesn't mean you should just throw your ETH at my contract! Exercise caution and recognize that there's always risk to using smart contracts. If possible, I recommend waiting to send funds to my contract until half an hour or so before the crowdsale starts to minimize your risk. + +Users should only send ETH from an address that they own the private keys for. For example, MEW, Mist, and Parity are all fine, but you can't send from an exchange. To interact with my contract from an unsynced wallet, I recommend using a gas limit of 250,000 for each transaction. Once the ICO starts, slightly more advanced users seeking the 5 ETH bounty can call the "claim_bounty" function, which actually buys the tokens, by sending a 0 ETH, 250,000 gas, 100+ Gwei gas price transaction with '0x02f58015' as the transaction data. Once the contract has bought tokens, even more advanced users can also claim the 3 ETH withdrawal bounty by calling the "withdraw" function on user addresses, collecting 1% of the bounty with each successful withdrawal. + +I should note that I very nearly did not redeploy my ICO Buyer contract for the Monetha crowdsale. In reviewing [their crowdsale code](https://github.com/monetha/smartcontracts/blob/master/contracts/Crowdsale.sol), I found multiple signs of poor coding practice. The Monetha team also haven't implemented any smart contract logic for their KYC. They're planning on keeping the contract address secret, then posting it a few minutes before their sale starts. This is a huge security issue. The most clear problem is that it doesn't give the community time to review the contract's verified source code and make sure there isn't a security hole prior to the sale. They also haven't posted a bug bounty. Overall, I'm fairly disappointed with the Monetha team. The only reason I'm still redeploying is that users in [my slack](https://join.slack.com/t/icobuyer/shared_invite/MjM0NjAyOTQwNjEyLTE1MDQxOTM2NjItOTAzZjk4MWM5Mg) expressed interest despite the problems. + +Previous Deployments of my ICO Buyer contract: + +[Bancor](https://np.reddit.com/r/ethereum/comments/6ghqp0/never_miss_an_ico_again/) - 425 ETH handled + +[Status](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/) - 3200 ETH handled + +[TenX](https://np.reddit.com/r/ethtrader/comments/6j5c3u/never_miss_an_ico_again_tenx/) - 2100 ETH handled + +[DAO.Casino](https://np.reddit.com/r/ethtrader/comments/6k6gix/never_miss_an_ico_again_daocasino_bet/) - Canceled + +[CoinDash](https://np.reddit.com/r/ethtrader/comments/6nrxk5/never_miss_an_ico_again_coindash_cdt/) - 1365 ETH handled + +[District0x](https://np.reddit.com/r/ethtrader/comments/6nzwh4/never_miss_an_ico_again_district0x_dnt/) - 4145 ETH handled + +[Decentraland](https://np.reddit.com/r/ethtrader/comments/6u9ou4/never_miss_an_ico_again_decentraland_mana/) - 6668 ETH handled + +ICO Buyer Slack Invite Link: https://join.slack.com/t/icobuyer/shared_invite/MjM0NjAyOTQwNjEyLTE1MDQxOTM2NjItOTAzZjk4MWM5Mg + +**Contract ENS Address:** monetha.icobuyer.eth + +**Contract Hex Address:** 0x820b5D21D1b1125B1aaD51951F6e032A07CaEC65 + +**Contract Code:** https://etherscan.io/address/monetha.icobuyer.eth#code +I have been with my boyfriend for 2 years and we're both in a position where we're starting to think about moving out and get a place together. He is 24 and on £33,000. I am 23 and earn £17,000. I am currently looking at other jobs because although I have 4 years behind me at my current company, they have refused to up my pay for the past couple of years. + +The other downside is I have never learnt how to save money. After rent, travel and bills I barely have enough left over to put any into savings, and anything that I do save tends to go to holidays or mini breaks. My parents also aren't in a great position and wouldn't be able to help me much financially in getting on the propery ladder, although they would be great at giving us furniture, renovating the house etc. + +My boyfriend on the other hand has £10,000 in savings and his parents have told him that they well gift him his first house deposit. + +In general, we have no financial issues or arguments together, we split dates 50% and he always considers my budget and tries to help me to save. However, I worry that because our financial positions are so different right know we simply won't be able to make it work. + +I am looking at jobs around £20K now and will be moving banks so that I have better savings interest. I would be able to afford rent and other expenses up to around £500/month but I'm terrified that because he is the big earner that everything will end up being in his name (mortgage etc,) and I am left to buy shopping, other bills or expenses and then if (God Forbid) we broke up he would be able to leave with his investments and I am left with nothing. + +I am basically wondering if there is an ideal way to suit both of our budgets whilst ensuring we get an (almost) equal investment? +And also, what is the best possible way for me to save a few thousand pounds over the next 2 years so that I'm in a more comfortable position? + +Any advice would be greatly appreciated, especially if you are in a similar position to me! + +Edit - Sorry if I confused anyone! By 'travel' I meant my transport to and from work which comes to around £150 a month +'Mini-breaks and Holidays' was probably an exaggeration, I usually go on 1 family a year which comes to about £1000 and maybe 1 weekend break with my boyfriend (like £150) +I will start off my discsussion using a couple of examples where investors/analysts missed the big picture and the company/stock has proven that they're much more than that. + +**Microsoft** + + +In July 2013, Microsoft stock had the biggest drop of the century after reporting their earnings. The stock dropped because of investors disappointment in the Surface RT laptop. They ignored the biggest elephant in the room that is Windows Azure, now known as Microsoft Azure. Azure is Microsoft's cloud computing division and it has been the major growth driver for Microsoft. Of course, the CEO change from Steve Ballmer to Satya Nadella helped but Satya's vision was all about cloud computing and it was completely ignored by investors at that time. + +https://techcrunch.com/2013/07/19/as-shares-fall-12-percent-microsoft-experiences-its-biggest-drop-since-2000/ + +**Apple** + +Back in 2018, investors/analysts were focusing on iPhone X sales figures. Warren Buffett saw the big picture. Billionaire investor Warren Buffett said long-term investors of Apple’s stock shouldn’t obsess with near-term iPhone sales. “The idea that you’re going to spend loads of time trying to guess how many iPhone X are going to be sold in a three-month period totally misses the point,” he stated. His big picture was looking at Apple as a brand and its ecosystem + +https://www.cnbc.com/2018/08/30/warren-buffett-says-he-bought-just-a-little-more-apple-recently.html + +Look at where Microsoft and Apple stocks were then and where they are trading at now. + + +**Intel** + +I'd like to use the same logic for Intel. It dropped 20% after the earnings call last quarter in July. The big picture Intel's Investors/analysts are missing is that they are ignoring this industry leader’s methodical transition into higher growth businesses and focusing solely on solvable supply chain problems ( 10 nm/7 nm transistor density issues). I will not be discussing the fact that AMD/NVidia are using 7 nm process and that Intel isn't. Also, the fact that TSMC will be on 5 nm by the time Intel fixes the 10 nm/7 nm node problems. Those are problems I'm well aware of and they have been beaten to death already. There is nothing I can add to that. I will talk about that later on but in the end as not the focal points. What I'd like to talk about and focus on is the data-centric transformation and its MobilEye division. + + +**Data Centric Transformation** + +Intel in 2019 pivoted from being a PC centric business to a data centric business. The TAM of this is 250 billion dollars. Revenue in this business group has grown from 42% of revenue in 2015 to 51% of revenue over the TTM. While many business transitions result in periods of low performance, as firms switch focus from declining to new businesses, Intel has managed to grow its revenue by 12% compounded annually over the past four years as it better positions itself for future growth. + +https://channelbuzz.ca/2019/04/intel-emphasizes-data-centric-transformation-of-company-at-new-xeon-launch-30025/ + +https://www.forbes.com/sites/greatspeculations/2020/08/18/put-your-chips-on-the-table-with-intel-corporation/#527d69d35951 + +**Self driving business** + +Intel purchased MobilEye in 2015. It is now a wholly owned subsidiary of Intel . Mobileye has a plan to dominate self-driving. Self driving taxis and cars are a big growth business. MobilEye is in a great position to capitalize on this business. Mobileye says it shipped 17.4 million systems last year. Today, over 40 million cars have Mobileye technology installed, and our products have been selected for implementation in serial production of 313 car models from our 27 OEM partners by 2017 (compared to 36 car models across seven OEMs in 2010). Some of the partners include Volkswagen, BMW, Nissan, Ford. It also has partnered with NIO, a Chinese EV company which people have dubbed the Chinese Tesla. + +The firm’s acquisition of Mobileye strategically positions it to build out its driverless technology business as well. In just three years, Mobileye has experienced rapid growth, with revenue increasing from $210 million in 2017 to $879 million in 2019. Its share of automobile semiconductor sales increased from just 0.5% to 1.9% over the same time. If Mobileye continues taking market share in this fast-growing segment, Mobileye’s could provide a meaningful contribution to Intel’s operations, as it made up just over 1% of revenue in 2019. ResearchAndMarkets.com expects the autonomous/driverless market to grow 18% compounded annually from 2020 to 2025. Intel is positioned to grow with this new market. + +https://www.zdnet.com/article/ford-expands-partnership-with-mobileye-intels-autonomous-driving-business/ +https://www.theverge.com/2018/10/29/18039216/volkswagen-intel-mobileye-self-driving-ride-hailing-israel-2019 +https://newsroom.intel.com/news/mobileye-nio-partner-bring-level-4-autonomous-vehicles-consumers-china-beyond/ +https://www.forbes.com/sites/greatspeculations/2020/08/18/put-your-chips-on-the-table-with-intel-corporation/#527d69d35951 +https://www.engadget.com/mobileye-testing-autonomous-cars-germany-104521486.html + + +**PC Business** + +This is the side of Intel most people immediately associate Intel with. Intel’s PC-centric business is not something to write-off. There is still a piece of the PC-centric market where Intel has an opportunity to grow: graphics processing units (GPU). Allied Market Research, expects the GPU market to grow from $19.8 billion in 2019 to nearly $201 billion in 2027 or by 34% compounded annually. For example, Intel is aggressively entering the discreet GPU business, which is about 80% of the current GPU market. The iGPU processors codenamed Tiger Lake just released September 2nd. Intel poached AMD's GPU guy Raja Koduri and nVidia's Tom Peterson. Intel hired engineers and marketing experts from Advanced Micro Devices and NVIDIA, the market leader in the space, to assemble a team to develop and rollout the firm’s Intel Xe GPU. + +Intel is also releasing entry level processors. The entry-level processors will be targeted at budget-tier laptops and fanless mini desktops when they launch in early 2021. + +https://www.nextplatform.com/2020/09/02/intel-puts-its-xe-gpu-stakes-in-the-ground/ +https://wccftech.com/intel-jasper-lake-10nm-tremont-atom-cpus-leak-pentium-celeron-skus-2021/ + + +**7 nm/10 nm process** + +Since I have your attention until here - I'd like to say one final thing about this debacle. Lot of people assume that Intel's problems with this are due to complacency. Its not. Its due to Intel attempting to achieve and do something others have been unable to do, which is the exact opposite of complacency. Intel tried to use GAAFET for 7 nm when TSMC and Samsung warned Intel not to. Intel was warned by TSMC and Samsung that the GAA-FET technique is too challenging to implement at this point in time, but Intel’s pride and persistence led it to stubbornly try and tackle the GAA-FET problem, until it finally conceded this July. + +I agree Intel fucked up here but the point I'm trying to make is that this was not due to complacency as widely believed. Intel has a lot of management problems, hostile work environment etc but complacency is not one of them. Intel never got complacent about its objectives, but it may have gotten complacent about its approaches, methods, and processes. + +https://old.reddit.com/r/hardware/comments/i8qrx4/intel_exemployee_reveals_insider_details_on/ +https://www.dvhardware.net/article73530.html + + +**Tl/DR; Post Summary / Post Script** : + +I'm perfecty aware that AMD and nVidia are eating Intel's lunch and have better more powerful CPUs/GPUs. However, Intel is much more than that and its other divisions are what will drive future growth. Analysts and investors are missing this big picture. +Guten Morgen (¡y hola!) to this global band of Apes! 👋🦍 + +The financial news is packed with indicators that, at face value, look quite bleak for the near future of the markets and broader economies of the world. Events like yesterday's flash crash and dramatic recovery just before close show that there are massive financial forces that have been awakened, and we should expect many more such events in the coming weeks. + +Are we afraid? Most certainly not! Apes continue to vote, DRS, and buy the dips. The DD keeps coming, and many of us have never felt more secure in our investments. While not certain, there are potential indicators that we'll get an announcement about NFT plans this week, but if not we will gladly wait for the big reveal. + +Today is Tuesday, May 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$118.49 / 112,59 €** *(volume: 677)* +- ⬜ 115 minutes in: $118.49 / 112,59 € *(volume: 574)* +- ⬜ 110 minutes in: $118.49 / 112,59 € *(volume: 573)* +- 🟥 105 minutes in: $118.49 / 112,59 € *(volume: 571)* +- 🟩 100 minutes in: $118.50 / 112,60 € *(volume: 571)* +- 🟩 95 minutes in: $118.49 / 112,59 € *(volume: 571)* +- 🟥 90 minutes in: $118.49 / 112,59 € *(volume: 571)* +- ⬜ 85 minutes in: $118.65 / 112,75 € *(volume: 555)* +- ⬜ 80 minutes in: $118.65 / 112,75 € *(volume: 530)* +- ⬜ 75 minutes in: $118.65 / 112,75 € *(volume: 528)* +- ⬜ 70 minutes in: $118.65 / 112,75 € *(volume: 518)* +- ⬜ 65 minutes in: $118.65 / 112,75 € *(volume: 505)* +- ⬜ 60 minutes in: $118.65 / 112,75 € *(volume: 455)* +- ⬜ 55 minutes in: $118.65 / 112,75 € *(volume: 363)* +- 🟥 50 minutes in: $118.65 / 112,75 € *(volume: 359)* +- ⬜ 45 minutes in: $119.08 / 113,16 € *(volume: 319)* +- ⬜ 40 minutes in: $119.08 / 113,16 € *(volume: 313)* +- ⬜ 35 minutes in: $119.08 / 113,16 € *(volume: 313)* +- ⬜ 30 minutes in: $119.08 / 113,16 € *(volume: 296)* +- ⬜ 25 minutes in: $119.08 / 113,16 € *(volume: 290)* +- ⬜ 20 minutes in: $119.08 / 113,16 € *(volume: 290)* +- 🟩 15 minutes in: $119.08 / 113,16 € *(volume: 290)* +- 🟥 10 minutes in: $119.08 / 113,15 € *(volume: 290)* +- 🟥 5 minutes in: $119.68 / 113,72 € *(volume: 49)* +- 🟩 0 minutes in: $119.75 / 113,78 € *(volume: 49)* +- 🟥 US close price: $119.57 / 113,62 € *($119.50 / 113,55 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0524. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Let's consider that Gensler started talking about issues with security-based swaps (*months before we discovered GME was related*) [way back in June.](https://www.sec.gov/news/speech/gensler-speech-london-city-week-062321) + +Also, let's imagine an order wholesaler considered critical to the functioning of today's capital markets was under heavy suspicion for breaking securities laws and has been fined for [doing so many, many times in the last decade.](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) Then, that wholesaler was behind the **unprecedented** events in January with some parties involved blaming it on *the* [*number of orders exceeding their ability to handle.*](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +Months after January, the SEC releases a report with a giant disclaimer on the front page that the report itself isn't even a *statement* by the SEC. + +**Not even a statement?** ***Then why the fuck are you even releasing it?*** + +With these things in mind, and knowing what we know about the Gamestop saga so far, Gensler [just made some very interesting remarks](https://www.sec.gov/news/speech/gensler-securities-enforcement-forum-20211104) pertaining to corporate fraud, high-impact cases, and non-prosecution agreements with repeat offenders: + +Regarding high-impact cases: + +>*A cop on the beat has to balance both the high-impact cases and the everyday fraudsters.* ***A high-impact case pulls many other actors back from the line.*** +> +>***This prompts legal alerts, client letters, and bulletins to go out. Compliance departments, lawyers, and accountants change internal procedures as well.*** + +In case you haven't been following, there have been quite a few legal alerts & bulletins released lately: [SEC.gov | Press Releases](https://www.sec.gov/news/pressreleases) + +&#x200B; + +Now for the best part: + +>*Next, I think we benefit from working in parallel with our fellow federal agencies...* +> +>*For example, last week, Deputy Attorney General Lisa Monaco* [*announced*](https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-gives-keynote-address-abas-36th-national-institute) *changes to several Department of Justice (DOJ) policies regarding corporate criminal enforcement.*[*\[2\]*](https://www.sec.gov/news/speech/gensler-securities-enforcement-forum-20211104#_ftn2) +> +>...*DOJ is considering whether resolutions such as* ***non-prosecution and deferred-prosecution agreements are appropriate for certain recidivist companies***\*.\* + +&#x200B; + +By [following the link](https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-gives-keynote-address-abas-36th-national-institute) you get: + +>*...data analytics plays a larger and larger role in corporate criminal investigations, whether that be in healthcare fraud or* ***insider trading or market manipulation***... +> +>*...prosecutors have always had to grapple with evolutions in corporate fraud —whether that be the junk bond firms of the 1980s,* ***the various fraud schemes created by the so-called “smartest guys in the room” at Enron***, *or the prolific mortgage fraud of the 2000s...* +> +>*...We are also going to find ways to surge resources to the department’s prosecutors. As one example, a* ***new squad of FBI agents will be embedded in the Department’s Criminal Fraud Section***... +> +>*...we have no tolerance for companies that take advantage of pre-trial diversion by* ***going on to continue to commit crimes***, *particularly if they then compound their wrongdoing by knowingly hiding it from the government. It is hard for me to think of more outrageous behavior by a company that has entered into a DPA or NPA* (no-prosecute agreement) *in the first place...* + +&#x200B; + +Are they dick-waving? Sure. Am I cherry-picking some remarks? Yep. + +That said, if shitadel has received a non-prosecution agreement, after everything they've been shown to be guilty of since January and before, one thing is certain: [this is class warfare](https://www.reddit.com/r/Superstonk/comments/mw6vl2/dtcc_the_foxes_guarding_the_henhouse/?utm_medium=android_app&utm_source=share) and the SEC's mandate of investor protection **is horseshit.** + +# Hey, SEC & DOJ: nullify any existing non-prosecution agreements with shitadel you 🤡s + +*edit:* + +I conveniently left out these quotes also talk about *deferred prosecution agreements*. + +it's starting to feel more and more like someone's time is up. + +so long, kenny! +For all the newbies here: we all want 1000% gains, that’s what this forum’s about. But the tokens these posts talk about are almost all shit. Even if they go up, it’s temporarily. They’re built for pump & dump, and you will get rekt if you’re new in the game. + +Instead, focus on real projects with real value. I know, they’re hard to find between all shitcoin posts on this forum nowadays, but they exist! +I've been in Bitcoin since Dec 2010 and I've made and lost a lot along the way, on both Bitcoin and various shitcoins. + +For me crypto has always been mostly about the Libertarian philosophy and a way to try to cling on to some autonomy and freedom in an increasingly unfree world, but seeing fiat values increase is always fun as well. 🙂 + +Anyway, I like this subreddit and have mostly been a lurker here until today, although I do comment occasionally. + +**I want to share a token with you that I've invested in and believe has the potential for at least a 25x but maybe 100x or more.** + +**Bifrost - $BFC** + +It's a small cap token that I believe is massively undervalued because the use case will be **huge** in the coming years. + +*Bifrost are building what could best be described as an SDK (Software Development Kit) for developers that functions as a bridge between different blockchains.* + +We all love Ethereum because it was first with smart contracts, and most of us have done very well from investing in ETH. + +However, apart from the scaling issues and ridiculous transaction fees that we're all so acutely aware of, Ethereum also has some other issues. + +One such issue is that it's very easy to build smart contracts on Ethereum that are insecure. Not because you're meaning to, or even because you're a bad programmer, but just because of how Solidity works as a programming language.🤷‍♂️ + +Anyway, this isn't going to be a massive post comparing the new blockchain networks, so sorry about the rant!🙄 + +**Let me get to the point:** + +It's quite hard to know which chain is going to win. I like Avalanche and Elrond and Solana and even Cardano (although I feel they're too slow with development), but I also like Ethereum! + +I'm not a developer but I've hired many over the years and even though some developers have their favourite chain, many are still conflicted. + +This uncertainty in combination with Ethereums scaling problems makes it hard for new DeFi (and other projects) to decide which chain to build on. + +**Bifrost solves this problem in an elegant way.** + +When you're using Bifrost you can build Dapps across more than one chain, so you can put some functionality on one chain and some other functionality on another, and Bifrost will make everything work seamlessly in the background.🙂 + +**There are others doing similar things such as **$REN** but REN has a market cap over $1 Billion, whilst Bifrost has a market cap below $20 million...** + +So why has Bifrost been forgotten? Don't they have enough competent developers? Are they behind the curve or building something worse than $REN for example? + +**I don't think so...** + +Bifrost has an entirely South Korean team, and they don't do any shilling to speak of, at least not in the West. In fact I can't see that they've done much of any marketing at all so far.🤷‍♂️They've just been building their product. + +*They have at least 12 full time developers that I know of, maybe more, plus designers and many other staff. It's a reasonably big project, and I think what they've been quietly building in the background could revolutionize the DeFi space in the coming years.* + +This is not only because they have a good product that solves a massive problem for anyone wanting to build a project in DeFi and don't like the compromisises that come with each chain. It's also that they are almost finished with their SDK. Even though they are using their own programming language for Bifrost, **the SDK means that it will be very easy for developers to connect a Dapp across two chains.** + +In my opinion the market cap of Bifrost should be **at least $200 million** today, *without* the upcoming news that's coming in less than 4 days. That would put the fair value of this project at 10x the current price. + +The thing is that something *BIG* is also going to be announced in less than 4 days. They haven't yet said what it is, only that they are making a big announcement on March 6th... + +**I'm going to take a punt and say that they are going to announce on March 6th that they've now incorporated Bitcoin into Bifrost as a working product!** + +**I could be wrong**, but I know they've been working on this for some time now. + +Whoever becomes the first one to create a bridge between Bitcoin and Ethereum, (so developers can build Dapps across both chains), is going to have a **massive advantage,** and I believe this will be huge news if this is indeed the announcement. + +So today on March 2nd **Bifrost $BFC** (be careful there are shitcoins using the same tag, always copy the contract code from Etherscan when adding it to your wallet/Uniswap!), cost less than $0.05 (5 cents), and the market cap is less than $20 million. + +**My prediction is that if you see this post for the first time in 3 months (say beginning of June 2021) the price for Bifrost will be AT LEAST $0.50 and the market cap $200 million, and if you check back in 12-18 months, (March 2022) I bet the market cap will be more than $2 Billion and Bifrost will cost you around $5 to buy.** + +Please come back to say thank you when you've become rich in fiat thanks to this post, and may all your coins moon! 🙂🚀🚀🚀 + +PS. Although I've invested in Bifrost I'm not trying to *"shill this token"*, simply because I don't need to, Bifrost will eventually rocket anyway at some point.🤷‍♂️ I've also not posted this anywhere else, so you guys are the first to see it. I just enjoy this subreddit and wanted to give something back. Enjoy.🙂 + +**Edit: Sorry I wrote this post last night when the price was below $0.05 but didn't post it. The price has now started to move a bit.** +It’s crazy to see what’s going on with GME but the unfortunate side effect is that this sub is now mainstream and being invaded by newcomers who don’t know how to properly articulate on this sub. I rarely ever see users saying retard and autist now because instead it’s now full of people asking what options are or if they should buy 1 share of x stock at x price. just look at sort by new as an example. videos and memes that would have gotten downvoted to oblivion a few months ago are also being posted here by cringe karma farmers who manage to get tons of awards and upvotes. r/wallstreetbets pre 1.5 million subs was fucking gold. I miss the loss porn. I miss the good DD. I miss the non PC terms. I don’t want to sound like an asshole and it’s great to see this sub grow but it’s just not what it used to be. + +edit: account is 177 days old because i had to delete my old one since it was too similar to my name. made a controversial comment on r/politics and was getting DMs on my instagram and facebook + +edit: i understand that the newcomers have helped with fucking over melvin and citron and that’s awesome. seriously fuck them. everybody needs to do their part. I also wouldn’t even say that i’m trying to gate keep either. more just reminiscing on the past. I’m hoping that newcomers will start to understand what this sub is all about and i think it can be done. im just alarmed that im not seeing the words retard and autistic as much +Hi + +&#x200B; + +I need to get this off my chest and I don't feel comfortable talking about this to anyone in real life so I thought I'd post here. Growing up in a very humble family, my parents did the best they could to teach me things like quality over quantity, especially my mom. Because I've had to move house more times than I would have wanted, and due to economic problems during my adult life, I never had much. Every time I've had a bit of extra money I've splurged and didn't save much. This resulted in lots of stuff I didn't need or want and that I'd eventually throw away. I thought I'd learned to do better. However, I have recently noticed - much to my dismay - that the amount of things I buy and throw away later on is just too much, and I feel so guilty and irresponsible. To give you a bit of context, I have been at my current job since March, and before that, I was unemployed for half a year. I had to make do with what I had, and I managed. I felt proud. But since I started working, things have gone downhill. For example, I have bought a lot of clothes in the past two months, and it's not just that. I used to buy a lot of makeup, cosmetics, etc. Thankfully, I was aware of that and have down pared down to a few things that I love and use, and don't buy that much anymore. But it feels like I don't learn. + +Although my friend says I don't have many things, I am overwhelmed. The fact that my room isn't too big and I have very little storage space makes it worse. I believe I tend to accumulate things at times when I feel insecure, and emotionally, I've been a lot of ups and downs lately. It's ironic, because buying stuff doesn't make me feel better. I hate shopping, but it still feels like I can buy what I need in a shop. And you know what? You can't buy a cure for when you're feeling lonely, feel poorly about your self-image or need some stability. + + I am thankful I am realising this, because it means I can make better choices, but I feel terrible because it feels like I never learn. Whenever I talk about money, my friends and my family think I am very restrictive on myself and that I should enjoy life more. I believe I spend too much on myself. Every month I promise myself I am going to do better. + +&#x200B; + +I'm not sure if I'm looking for support, advice or just venting a little, but I need to be honest with myself and tell someone about this. + +&#x200B; + +Thanks for reading. +So now that there is a hard date for BAT's token sale, let's discuss. There is a lot of hype around this project, and for good reason: good leadership with an extremely good reputation / track record, it solves a really interesting problem, and has the possibility of mass adoption. + +**But** what is the value of owning BAT tokens? Is anyone concerned about the major uphill battle they face with: + +1) getting consumers to switch browsers + +2) getting in the way of Google's primary revenue stream (40% of *all* online ad revenue) + +3) needing to get the buy in from not only the consumers (point 1) but companies / publishers as well + +In my opinion, the upside is massive but the risk is extremely high. If you are planning on participating in the sale, why are you doing it? What are you excited about? And if you are not, why not? + +And finally, are there any concerns with the structure of their ICO? +I had to option call positions automatically close their selves with limit orders today that I personally did not put in and we're not to expire until April of next year but my account did become deficient for over $100 +because of a deposit that did not go through a week and a half ago from my bank account, will Robin Hood close my positions for having a deficient brokerage balance despite the fact that I have not touched the app in three weeks? + + +i remember vividly my parents being gainfully employed during the 90s and 00s, no college degree nothing special. i remember my brother and his gf would get some government benefits i am not sure what exactly but he would go to some office and they would help. he lived in his own place. no problem. he had a crappy job. + +around 08 the recession happened and there were no jobs but everything remained inexpensive, even cheaper. + +i remember around 2014 things started getting expensive, everything. government assistance died completely. i remember looking into rent assistance and stuff like that and the applications permanently closed in 2009. 2014-2015 things seemed crazy pricey + +today, life is just unbearably expensive. if you are in trouble, too bad. you need to live with your parents until forever. rent is crazy expensive everywhere even crappy places. + +what the eff happened ? + +it seems american life is designed specially for people in tech or fancy business or health jobs. anyone who isnt an engineer, doctor is just stuck being poor forever, life had never had that standard before 2008 +From https://bittrex.com/Home/Terms (see bolded): + +> 2.1 Eligibility. Bittrex may not make all of the Services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the Services from certain states, territories, or jurisdictions (“Restricted Locations”). **At this time, Restricted Locations include, but are not limited to, several U.S. states: AK, AR, CA, CT, FL, HI, ID, IA, KS, KT, LA, MD, MI, MS, NC, ND, NE, NH, NV, OH, OK, PA, SD, TX, VT, VA, WA, WY, and PR.** The Services are intended solely for users who are 18 or older. **You represent and warrant that you:** (a) are of legal age to form a binding contract (at least 18 years old in the U.S.); (b) have not previously been suspended or removed from using our Services; (c) have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party; **(d) are not located in, under the control of, or a national or resident of (i) any Restricted Locations**, or (ii) any country to which the United States has embargoed goods or services; (e) are not identified as a “Specially Designated National” by the Office of Foreign Assets Control; (f) are not placed on the U.S. Commerce Department’s Denied Persons List; and (g) will not use our Services if any applicable laws in your country prohibit you from doing so in accordance with these Terms. + +According to this, residents of the 3 largest states (CA/TX/FL), and indeed 60% of the entire U.S. population across all listed states, are ineligible and in violation of the Terms of Service by signing up, per clause 2.1.(d)(i) above. + +It seems hard to believe that such a wide swath of people are prohibited from using Bittrex. It doesn't seem to come up in discussions about Bittrex in the searches I've done, and in fact I've heard of people even getting verified accounts from restricted states. + +What gives? Does Bittrex not enforce their own terms? Are people from these states getting in despite the terms, or am I just missing the discussions/complaints from large numbers of people being denied? If people are getting in, could Bittrex sometime down the road claim user agreement fraud as an excuse to confiscate balances? +The infinite Money Glitch + + +Don't know why this hasn't caught on more on this sub it's literally staring you in the face. This week is Opex GME has had a substantial run every quarter following the Jan sneeze. I noticed the cycle as did others I'm sure and kept my eyes peeled for info about them, that's when I saw some DD from u/criand. Best explanation I've seen. Highly recommend. These cycles are most likely hedging from leap put contracts used to hide short interest (the missing short interest). Users like u/criand u/gherkinit have all been talking about this. There was a hit piece on gherkinit recently and it feels very off, he hasn't been proved wrong yet at all quite the opposite. The reasons are most likely because he likes options which is totally ridiculous. + +Options Rant + +Options give retail insane leverage and where one of the main contributors to the sneeze in Jan of 2021, why do you think there was a huge push to get retail out of options during the hearings that followed? Options give you the ability to profit on these quarterly rips without selling shares. Far dated in or close to the money options are not a gamble. If you don't know how to use them then steer clear and understand you have nothing to add to the conversation just hold and drs. + + +Where Does That Leave Us? + +Over the last year I've followed this stock from The Degenerate Sub to rGME to now Superstonk I'm not going anywhere and neither is this company. I'm willing to hold for the long term and have learned more than I ever wanted to about the markets. I've seen just how bought and sold the media is, how lax the Financial justice system is and what people will do to gain and keep power. I feel a connection with you all, I believe in this cause and hope you make shitloads of money. 💎 Fucking Hands + +Not Financial Advice +Positions 120 shares and 3 March 18 contracts +As many, I was looking forward to the [DOMO AMA](https://www.youtube.com/watch?v=lSSajuW0kQI&t=424s) video and when we look back at earlier AMAs, the day after has been flooded with reactions. + +Also, it's 6 HOURS long - I believe this will make it more or less impossible for 90% of us to go through it - which makes it even more important to have posts about the main points. There's just no way I can spend 6 hours combing through a video, especially when there seems to be almost no-one talking about the content today. + +Today, I see no (no a single) response - no posts about (except, of course, the original AMA post) which I find quite odd. + +On one hand, I'm glad it didn't spark the controversy of the Alexis AMA but I had hoped to see some kind of reactions here today - why is there so quiet about this AMA now? +First time poster, I hope this post is OK with the rules. + +I know that will seem weird to a lot of you. And I don't even have what most people would call "savings". It's just that for the first time in decades I'm going to have something left at the end of the month. There's never been a period in my life when I haven't been struggling. I was born in poverty, left home at 15 when it became clear the abuse would end up killing me. Never had a chance to get an education. I've been working minimum wage jobs since forever. Problem is that I was born with a disability and my body will only let me work short hours. Longer shifts mean spending the next day in bed with pain so bad in my joints and back that it makes me puke at times. Anyway. I work retail so I kept on working during the pandemic, and I made the same as usual and spent the same as usual. But with the stimulus check and a bonus from my employer I actually have about $1400 sitting in my bank account. This has never happened to me before. I'm on a very tight budget all the time so this feels kind of weird and I wonder what I should do. I know how ridiculous it must sound to you but I don't know what I should do with this money. I'm very ignorant with money and the people around me are no better. + +Probably my best bet is to save it in case of an emergency, but when money's so tight all the time everything and nothing qualifies as an emergency. I guess my question is if it makes sense to save what feels like a lot of money (but probably isn't) or if I should throw some of it at some issues. At my age I shouldn't be needing advice on this but I really want to avoid blowing through this money stupidly. + +I make about $13000 a year. I have no debt. My monthly expenses are: rent, utility bills, groceries, bus pass, cell phone, Netflix. No car, no eating out, no hobbies that require money. No "fun" money besides Netflix. If you need more detail just let me know. + +Thanks for reading, any advice will be very welcome. + +Edit: this is blowing up, thank you for all your comments. I'm trying to answer to everyone but it's going too fast! Thanks a lot. + +&#x200B; + +&#x200B; +Hello Everyone, + +I just joined this community 2 days ago and really liking reading through these threads. This is my first thread and I would like to know everyones story on why they got into Trading Forex. I was always a fan of the financial markets when I was in high school. I started out in the stock market at the age 18 and discovered that it wasn't for me. A buddy of mine have mentioned Forex to me and ever since then I was in love. I practised for 2 years and now feel confident in trading. I'm 20 years old, young in the game and confident in trading. +Cheers Everyone! +Hi guys, +I'm interested in trading because i want to improve my standard of living. I'm aware that it needs profound knoledge and training. So could you please guide me to some good courses or books to about finance and trading? Also, what are the best free trading simulatos that you can suggest to me? +Thank you. +My hommie blew his account and am now worried for my $$. Does this happen even to the professionals or just the beginners?. My hope for slow growth in Forex is getting slimmer, whats your advice?. thanks +I recall seeing a post where I saw what congress members were investing in. I remember that the redditor said, “I think this is illegal.” Anyone know the site or the post? +I asked a question a few years ago about when someone should start seeing the curvature of compound growth. Was it 3-4 years? 9-10 years? 20-25 years? +Here is my experience with about 6 years of steadily contributing my salary into paying off debts and investing. My salary has not changed much unfortunately the past 5-6 years (ranging from 0-2% growth) Its hard to see exactly when the curvature starts, but you can definitely see it start taking off around the 3-4 year period and in the 6-7 years you can see the rate of growth increases. Looking forward to seeing the curve get steeper and ultimately for the annual rate of growth to exceed my salary contributions (not holding my breath for that one). + +https://i.imgur.com/eSNJTHn.png +There would be another 18,000,000 shares of GME DRS’d. Hedgies r fukt. I wonder how much the fake price would dip on a $500,000,000 purchase? Would they route that through the dark pool? How they gonna find those shares? Let me win and let’s answer some of these questions. +My child is 10 years old. I want to drop about $500 initial investment into some kind of account, and contribute probably $25-$50/mo plus other random amounts. +The goal is for to be able to give him a nice chunk of money for his 21st birthday. He would be able to use it for whatever he wants. I'm hoping to at least have enough for him to buy a brand new upper tier car for cash. +I have zero idea of what to do outside of a normal bank savings account. + + What's the best thing to do to turn $500 initial investment, plus $25-$50/mo into a fat chunk of cheese in 11 years? + +Edit : clarifying - $500 to open the savings or investment, then contribute $25-$50 per month for the next 11 years. + me (18f) and my friend (14f) are going to be moving out around august of 2021 when she has her license and we have saved up enough for a car. she will be trying to get emancipated around then as well. i will be going to college but the money for the tuition isn’t a factor in this since a relative is helping me with that for the time being. + + i will be going to college for a year before we move out which will give me the opportunity to get a stable job and to apartment search as well as get a good view of the area and find resources. we will both have jobs starting some time in january but obviously we must switch jobs when we move away. even though we are being as smart as we can and doing research we can never have enough help. any advice in budgeting and planning as well as how to handle moving and long term would be appreciated as well as anything else you think we need to know. comments are great but if anyone would be willing to pm me and (maybe) help us long term that would be life saving and allow me to share more details if needed. hopefully we can make some internet friends along the way lol. but thank you in advance. + me (18f) and my friend (14f) are going to be moving out around august of 2021 when she has her license and we have saved up enough for a car. she will be trying to get emancipated around then as well. i will be going to college but the money for the tuition isn’t a factor in this since a relative is helping me with that for the time being. + + i will be going to college for a year before we move out which will give me the opportunity to get a stable job and to apartment search as well as get a good view of the area and find resources. we will both have jobs starting some time in january but obviously we must switch jobs when we move away. even though we are being as smart as we can and doing research we can never have enough help. any advice in budgeting and planning as well as how to handle moving and long term would be appreciated as well as anything else you think we need to know. comments are great but if anyone would be willing to pm me and (maybe) help us long term that would be life saving and allow me to share more details if needed. hopefully we can make some internet friends along the way lol. but thank you in advance. +Me too, because I was thinking about all the things that may have to happen, for it to become the reality. And it still *seems* like quite a lot, meaning I felt like that reality feels far away. + +But, then I started to think from the opposite direction i.e. **what would have to happen for the MOASS *not to occur*?** And I realised that list is *far* more unrealistic, including all of the following: + +[1] **All the DD made by the Apes is incorrect.** Meaning the very premise of the MOASS is wrong. All of it. In spite the fact that we have seen zero DD or evidence, so far, pointing to credible arguments against the MOASS happening at some point in the future. None, whatsoever. + +[2] **GameStop and Ryan Cohen are happy for the current situation to continue forever.** That is, a few million Apes hanging on to their stock in the hopes of the MOASS, without GameStop ever taking steps to move things forward. Certainly this scenario doesn't hurt them right now, but it definitely would over the mid- to long-term, if they are forever going to be known as a "meme stock" company. Every step Ryan Cohen has taken so far is to completely transform their fortunes, and it is implausible to think he will halt that now. Assuming Apes are not wrong on [1] above, there are a half-a-dozen (or more) things that GameStop can do from now - to either the company or its stock - which could be the catalyst for the MOASS + +[3] **The 'Long' financial institutions (especially mutual and pension fund managers such as BlackRock and Vanguard) are happy with the current stalemate, between buying and selling pressure.** The truth is, asset management firms such as these hate to have volatile holdings - their fund managers would rather just drop these kinds of stocks. The fact that they have not dropped GameStop stock, despite months of volatility which has now decreased massively, means they are in for the long haul. They want this to be a profitable investment, and have the capital - when the time is right - to take actions themselves to trigger the MOASS. + +[4] **The Government - by which I mean the SEC, DTCC, Congress and the Biden Administration - are happy for all this to keep running forever.** The evidence points to the opposite, at least from a regulatory perspective: the SEC and DTCC have implemented and still implementing a number of rule changes, all of which help the retail cause. True, there have been no similar legislative actions taken by Congress or the President. But neither has there been anything to suggest them offering a bailout to the short hedge funds either. At the end of the day, I believe the politicians know there could be widespread civil unrest - let alone a complete loss of faith in the political system - if they take an approach here that penalises their electors, to the benefit of Wall Street. And unlike 2008, the main financial institutions that would be terminally affected by the MOASS are this time NOT "too big to fail". + +[5] Those "not too big to fail" firms - especially Citadel, but also many others including Melvin, Virtu and Susquehanna - are bleeding capital every single day. They are spending millions, perhaps even tens of millions, every single day currently to manipulate the stock price and keep it below a level where they will get margin called. **To save themselves from their current plight, Citadel and their cronies will need an endless supply of money.** But their capital is running out - there is no such thing as a bottomless pit of cash - and eventually they will not have enough to continue the manipulation. At that point, the stock price will inevitably increase towards its true, unmanipulated value. And then there will be a series of margin calls, followed quite possibly by a Gamma Squeeze, which itself would finally trigger the MOASS. + +By this thinking exercise, I feel a lot more confident now thst there are more things pointing to the MOASS happening than not. The probability of the five points **in bold** above ALL happening seems *extremely unlikely*, as long as the sixth and final point also does not happen: + +[6] **Apes give up and paper hand.** But no evidence at all of this happening so far - quite the opposite, as there are more retail investors that are continuing to buy the stock. This probably includes some who are now buying not for the MOASS, but for the longer-term, Amazon-like qualities it now has. As long as that continues...Apes are almost guaranteed to win, and win big. + + +**TL;DR: The forces preventing the MOASS from happening are much weaker than the forces that make it highly likely. Apes only need to keep hodling, and chances are will have a happy ending.** +I'm not horrendously in debt, but I've definitely spent the last year comfort shopping which has not helped. + +I've just been accepted for a balance transfer credit card (~£6500), which pays off the one I've been using for years not really thinking about the interest. (as an aside, do I still have to make the minimum payment on the old card this month or does the transfer count towards that?). That card is not going to be used for anything other than this transfer. I'm sick of frittering money away for the sake of it. + +I've sat down and written out my outgoings vs. incomings each month, and prioritised paying down the new credit card. + +My aim is to be back square by the end of next year. Hopefully sooner, but definitely by the end of next year. I then(also?) have the aim of saving for a yoga teacher training course (~£3000) by September 2023 as well, which in theory should be more than possible. + +The last thing I need to do is move my current account as I've been banking with M&S and they're closing all current accounts, however I'm visiting my parents next week in France, so don't want to screw around with bank accounts until I'm back in the UK. + +I'm mainly posting this to make myself more accountable to someone - even if it is some internet strangers!! +[https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659](https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659) + +The Federal Open Market Committee’s latest policy communications raised more questions than answers. Perhaps the biggest one: Can the Fed ever really raise interest rates? + +&#x200B; + +At face value, and with a big dose of relativity, this past week’s updated summary of economic projections and commentary from Chairman Jerome Powell marks a hawkish turn. Officials signaled rates could rise in 2023, earlier than previously telegraphed. And during his press conference, Powell acknowledged for the first time that inflation may turn out to be hotter and more persistent than the Fed has projected—no small change for a person who has pushed the idea of transitory inflation, says Tom Porcelli, chief U.S. economist at RBC Capital Markets. + +&#x200B; + +But when you take a step back, the Fed remains about as dovish as ever. When the consumer-price index is running at 5%, it’s hardly hawkish to say there is a chance price acceleration is faster and lasts longer than anticipated. It already is, and it already has. + +&#x200B; + + Powell, like past Fed chiefs, told investors to take the so-called dot plot of officials’ economic projections with a big grain of salt. But to the extent the dots are useful for reading the internal debate, they still show that only three members changed their view for raising rates in 2022, not enough to lift the median forecast from 0.125%. How hawkish can this all really be if, all told, the most skeptical members are thinking about raising rates by 0.5% in 2023? Moreover, the dots’ 2023 message runs counter to the Fed’s own updated economic forecasts. It still sees inflation hardly above 2% in 2022 and 2023, despite the new tolerance for above-target inflation, and it predicts a meaningful slowdown in growth after this year. + +&#x200B; + +Stocks and bonds initially sold off on Wednesday after the Fed’s policy meeting but quickly recovered. The Nasdaq Composite index, full of expensive growth stocks, closed just off a record high on Thursday and bore the lightest brunt of Friday’s selloff after St. Louis Fed President James Bullard said he expects the first increase in late 2022 (Bullard is a voting member next year). Still, Friday’s declines are hardly a tantrum and the yield on the 10-year Treasury note was lower Friday than where it was before the Fed news. More interesting still is how the 5-year/5-year overnight indexed swap has traded. + +&#x200B; + +The 5-year/5-year OIS captures investors’ expectations for the peak fed-funds rate in the business cycle, says Joe LaVorgna, chief economist for the Americas at Natixis. When long rates were selling off earlier this year, the gauge rose to about 2.40%, he says, suggesting traders assumed that the next tightening cycle would look broadly like the last one. After the Fed’s meeting on Wednesday, the gauge was yielding 1.94%. At press time on Friday, it was at 1.71%—the lowest yield since early February. + +&#x200B; + +“We don’t believe you,” the futures market is effectively telling the Fed, “and saying it loud and clear with a megaphone,” LaVorgna says. + +&#x200B; + +Recent history has sided with the market, not policy makers, he says. He points to the long-run equilibrium funds rate, which the Fed had to keep revising lower amid a falling 5-year/5-year OIS. Once thought to be around 4%, the Fed’s long-run rate estimate is now between 2% and 3%. The high end of that range still appears far too high if the 5-year/5-year OIS is a guide. + +&#x200B; + +It makes sense. Financial markets’ sensitivity to monetary policy has never been higher. The Fed’s balance sheet has doubled since the end of the 2008 financial crisis, now 40% of gross domestic product. By buying massive amounts of bonds, the Fed has lowered rates and used asset prices—especially stocks—as a primary tool for monetary policy. That’s through the wealth effect, or the tendency for consumers (which make up two-thirds of gross domestic product) to spend more as their assets grow. Any correction in stock prices would negatively affect economic growth and thus limit the Fed’s ability to tighten, the logic goes. + +&#x200B; + +Less discussed: the prospect of further fiscal spending would itself make tapering bond purchases a tall order. The Fed has become such a dominant force in the bond market and would presumably need to keep buying the additional debt as the Treasury incurs it. (The Biden administration has proposed a $6 trillion budget for 2022). + +&#x200B; + +That’s one piece of the argument that the Fed won’t be able to meaningfully tighten. Another is the debt side of the economy. If the Fed was unable to lift rates above 2.5% during the last tightening cycle, and had to cut rates in several meetings before the pandemic prompted its emergency actions early last year, why would it be able to raise now? Since then, U.S. households, businesses, and the federal government have grown only more indebted. + +&#x200B; + +“When an economy is running a debt-to-GDP ratio at 100% or more and growth is debt-driven, it’s very hard to raise rates,” LaVorgna says. “The Fed is in a box and I don’t think it can get out of it.” + +&#x200B; + +The upshot? Easy money is likely to be flowing well beyond 2023. For now, that would translate into continuing stock-market gains, especially in rate-sensitive areas like technology. What that means for the U.S. economy is another question, and what it means for markets longer term is yet another. + +&#x200B; + +To LaVorgna, it probably all leads to what he calls secular stagnation. A euphemism, perhaps, for stagflation. + +&#x200B; + +Investors worried about inflation remain no less concerned. The Fed tiptoed toward acknowledging that current policy doesn’t square with reality, but it didn’t really move the needle, says Peter Boockvar, chief investment officer at Bleakley Advisory Group. “I’m someone who thinks the Fed has been doing 200 miles per hour in a 50 mph speed zone. I saw Powell slow down to 175.” + +&#x200B; + +Boockvar remains long areas that hold up best during periods of rising inflation, including energy and agriculture stocks, precious metals, and Asian and European equities. “Inflation is now a Main Street story,” he says. “I’m gritting my teeth and sticking to it.” + +&#x200B; + +So too, it seems, will the Fed. It may have no other choice. +The title says 90% of it, I’m just not prepared for how their decline is hitting / going to continue to hit me and I’m seeing them changing pretty quickly. It is years not decades. I have kids and intense work and live in a state of overwhelm. (Even though I have help at home and a supportive partner). We feel close to RE (2-3yrs) but it doesn’t feel close enough. I’m worried something major will happen soon and I’ll just need to quit reactively vs retire proactively. + +Has anyone else faced this debate with respect to parents? I appreciate any advice. My default/inertia/likely next step is to stay on-track; but I’m questioning if I should try a 2-3yr sabbatical or call it early. I think I’m just feeling sad honestly. RE is not going to turn back the clock which is what I really want; but maybe getting more time now will prevent regret in the future? +For those of you living in either of these states have you seen as much of an exodus to these places as the media portrays? Do you feel it’s more temporary or permanent? If this is real, is it negatively impacting the quality of life down there through more crowds and dramatically higher prices? + +I think this is pretty relevant to the fatfire crowd looking for other states to settle down in these days. +Sorry if this is the wrong place for this discussion, but I'm looking to get into investing and always preferred the thought of real estate over stocks. But after doing better than expected in stocks and all real estate appearing to be overpriced, I'm second guessing my focus + +Curious what everyone's opinions are +2011: China bans crypto + +2012: China bans crypto + +2013: China bans crypto + +2014: China bans crypto + +2015: China bans crypto + +2016: China bans crypto + +2017: China bans crypto + +2018: China bans crypto + +2019: China bans crypto + +2020: China bans crypto + +2021: China bans crypto + +Also, a little extra for you: Some things that are also banned in China: + +1. Letter ‘N’ + +2. Winnie-the-Pooh + +3. Peppa Pig + +4. Instagram + +5. Reincarnation is also banned in China, stay dead forever + +6. Snapchat + +7. Twitter + +8. Brad Pitt + +9. Jasmine flower + +10.Harrison Ford + +11.Ghosts and time travel is also banned, don’t even think about seeing Casper or travelling back in time to buy more BTC. +Anyone been to a party with ***DJ Solomon***, otherwise known as "***D-Sol"*** to those in EDM circles. Apparently being a globally recognized DJ while Chief executive at the premier Wall Street investment bank has ruffled some feathers (you laugh but he has performed at Tomorrowland in 2019 and most recently Lollapalooza with One Republic front man Ryan Tedder). Especially when you use the bank's private jet to travel to your DJ gigs. + +Remember, **DJ Sol** was the guy a year ago who was trying to get people back to the office during CoVid shelter-in-place, and questioned analysts who complained about working 100 hour weeks nonstop and once got irritated when he was in the Hamptons during a work day and ran into junior GS bankers also dining at the same restaurant (story here: [https://www.bloomberg.com/news/newsletters/2021-03-15/goldman-sachs-ceo-david-solomon-wants-his-bankers-back-at-the-office-kmasw2xe](https://www.bloomberg.com/news/newsletters/2021-03-15/goldman-sachs-ceo-david-solomon-wants-his-bankers-back-at-the-office-kmasw2xe)) + +Per the latest business insider article, it seems there are growing concerns within GS about Solomon's **use of the private jet to attend DJing events, the amount of time he spents on building up his DJ-Sol personal brand, and his asking GS staffers to help with his DJing side gig.** + +Everyone deserves to have a personal life outside the office, but is DJ Sol crossing the line? + +Article here: [https://www.businessinsider.com/goldman-sachs-david-solomon-dj-brand-plane-2022-9](https://www.businessinsider.com/goldman-sachs-david-solomon-dj-brand-plane-2022-9) + +&#x200B; + +&#x200B; +Amendments that could result in banning mining and trading of crypto assets issued through POW have been introduced at the last minute into the MiCA proposal to be voted on Monday. This would be disastrous for Europe and its residents. + +If you live in Europe, you can make a difference - contact your Member of European Parliament (MEP) and let them know that you oppose a Bitcoin ban in Europe + +Look up your MEP here : https://www.europarl.europa.eu/meps/en/home + +E-mail, call or tweet your MEP and tell them: + +“An outright ban of proof-of-work assets will cripple the EU market, encourage circumvention of law, worsen consumer protection, and push the industry outside the EU – all with no benefit to the environment! Please ask the ECON Committee to oppose Amendments ALT A and ALT G.” + +If you have enough time, a call and personal rephrasing of the above is preferred. + +Thank you for your support of financial freedom + +Pascal Gauthier (Ledger CEO) twitter thread : https://twitter.com/_pgauthier/status/1502406715811192836 + +Ledger post : https://www.ledger.com/blog-stand-for-financial-freedom-our-position-on-micas-proof-of-work-ban + +Pierre Person (french MEP) twitter thread : https://twitter.com/Pierr_Person/status/1502356083175735307 + +ADAN report : https://adan.eu/wp-content/uploads/2022-02-08-Adan-EU-POW-Ban-Position-1.pdf + +MiCA proposal : https://bitcoin.fr/wp-content/uploads/2022/03/MiCA-Compromises-v9-9-March-2022.pdf +Amendments that could result in banning mining and trading of crypto assets issued through POW have been introduced at the last minute into the MiCA proposal to be voted on Monday. This would be disastrous for Europe and its residents. + +If you live in Europe, you can make a difference - contact your Member of European Parliament (MEP) and let them know that you oppose a Bitcoin ban in Europe + +Look up your MEP here : https://www.europarl.europa.eu/meps/en/home + +E-mail, call or tweet your MEP and tell them: + +“An outright ban of proof-of-work assets will cripple the EU market, encourage circumvention of law, worsen consumer protection, and push the industry outside the EU – all with no benefit to the environment! Please ask the ECON Committee to oppose Amendments ALT A and ALT G.” + +If you have enough time, a call and personal rephrasing of the above is preferred. + +Thank you for your support of financial freedom + +Pascal Gauthier (Ledger CEO) twitter thread : https://twitter.com/_pgauthier/status/1502406715811192836 + +Ledger post : https://www.ledger.com/blog-stand-for-financial-freedom-our-position-on-micas-proof-of-work-ban + +Pierre Person (french MEP) twitter thread : https://twitter.com/Pierr_Person/status/1502356083175735307 + +ADAN report : https://adan.eu/wp-content/uploads/2022-02-08-Adan-EU-POW-Ban-Position-1.pdf + +MiCA proposal : https://bitcoin.fr/wp-content/uploads/2022/03/MiCA-Compromises-v9-9-March-2022.pdf +I'm signing a new lease with RayWhite. + +Every method of paying rent incurs a fee. + +Credit card - 2.2% + +Bank account transfer - $1.65 per payment + +Bpay - $3 + +"Over the counter" - $4 per payment + +The fairtrading page says: + +"The landlord or agent must provide you with a least one way to pay the rent that is reasonably available and where you will not receive any additional charges (this does not include bank fees for managing your own bank account)" + +I was going to use bank account transfer. Does this mean that the $1.65 payment is not allowed? Because the $1.65 feels like an additional charge that is unnecessary. Or is my reading of this wrong? + +Edit: + +Looks like fair trading has an exact letter setup for this type of problem. + +["Landlord/agent does not allow tenant a cost-free means of paying rent"](https://files.tenants.org.au/sample-letters/s35%282%29.rtf) + +Extra info requested in comments: + +* State? NSW +Hi all, I’m not sure if this story is appropriate for this sub but hey ho here we go. + +My dad was a stickler for saving, he constantly spoke about what he wanted to do when he retired. He told us always about his dreams to travel. He even mentioned he wanted to buy property in Barbados with my mum and like out there 6 months of the year. This man had dreams!! + +So to make these dreams come true, my dad worked every hour that god gave him. 7 days a week, he literally never took time off. My dad died at 62. Never made it to retirement and never lived out his dreams. + +Moral of the story: yes it’s great to save, yes it’s good to have dreams but you never know when tomorrow may come and you may never actually get to fulfil them. + +I used to be like my dad, would save soo much of my salary monthly. Always looking to the future, but now I take time to enjoy myself with my family and make memories in the moment. + +I think this story is relevant to this sub, I just don’t want anybody else to end up like my dad and thinking too far into the future that you don’t enjoy today. +It's important to remember Bitcoin's roots, and the amazing effort from brilliant people, like Hal, who contributed to this new technology. If you're feeling down, this is an absolute must read. I have it saved, and read it every once in awhile, enjoy. + +>**"And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go."** +- Hal Finney, March 19, 2013, 08:40:02 PM + + +**Bitcoin and me (Hal Finney)** + +Copied from https://bitcointalk.org/index.php?topic=155054.0 + +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. +[edited slightly] +- Hal Finney +Just curious what others think of this play. Yesterday I sold 60 put credit spreads on AVTI $85/$87.5 for a $1.51 share expiring January 2023. Total bet was $6,000 for a max profit of $9,000. Microsoft is supposed to be buying them for $95 share sometime next year. I could always roll it if it needed extra time to print. + +Correction of title: I sold a put credit spread. +I'm okay if I am though, I actually like PLTR. I bought some for 9 dollars a share shortly after the IPO, but like an idiot I sold a bunch of it back already. I'm hoping the company does really well! + +If I do get assigned, I'll sell weekly covered calls that are OTM by 20 percent or so for as long as I can, depending on the premiums. I'm kind of new to this, but I hear they call that "The Wheel". + +Can anyone criticize/validate my plan? +Hi all. I was wondering how everyone who is a non full time trader fits their trading portfolio (especially with options) into the rest of their life. I have a very successful day job and a family. My trading portfolio has become a bit of a hobby though, but my challenge is properly position sizing my hobby into the rest of my life. Especially with young kids and family plus the demands of my current job. I guess I am wondering if anyone has setup a system in their life where they do their homework for a set amount of time over The Weekend and then just check in on their portfolio once a day or something in a more mechanical fashion. Maybe even using price alerts? My overall strategy uses monthlies for the most part. So I am not day trading. I find that if I don’t set limits on myself the amount of time I can spend researching and reviewing my portfolio is unlimited. Any thoughts or feedback would be appreciated on balancing trading with other life commitments. +About a year ago I posted on here (I deleted the post because I kept going through the comments and getting upset) which had quite polarising responses. + +I had received £3500+ penalty charges for not filing self employment during years where I wasn't self employed. It turns out this was due to some outstanding tax which I had been overpaid, and was also in the middle of an ongoing problem where I'd been issued two NINOs. When they were merged my address wasn't updated and I continued to receive the penalty charges at an old address for almost 4 years. When I actually became self employed and notified HMRC I had thousands in debt over £800 underpaid tax. + +I got a lot of comments telling me to just pay it, that it was my responsibility, even that I'd tried to con the government. Also got some which had the good advice of "just keep challenging it". Almost a year later and i felt like caving. I had loads of paperwork problems that meant my appeal had to be resent 3 times and I was pretty ready to give up. + +Yesterday on my birthday I phoned up to see where we were at and I was told all my penalties had been dropped and I just needed to pay the original outstanding amount alongside my 18-18 SA. BEST BIRTHDAY GIFT EVER. I have spent a year of my life with anxiety, worrying whether or not I could have messed up something so big that I would now lose all my savings. They admitted that they had messed up and that I was being charged due to their problem with my NINO. + +TLDR - The reason I wanted to post in here was: + +A) thank you to the lovely people who encouraged me to just keep fighting it, I didn't lose 3.5k because of you and am able to survive! + +B) HMRC does sometimes mess up badly, they're understaffed and underfunded so don't feel pressured into continuing to fight it if you genuinely believe the system has failed you. Plus everyone I spoke to tried very hard to help me and were friendly. + +C) just pay things straight up if possible, these sorts of lingering payments always seem to backfire. I'm paying this off in one go rather than go through this again. + +D) IF YOU BECOME UNEMPLOYED AND HAVE AN OUTSTANDING PAYMENT PLAN VIA PAYE WITH HMRC ORGANISE FOR ALTERNATIVE PAYMENTS OR YOU'LL GET LOTSA FEES as they automatically make you "self employed" and then you get charged for not filing your tax returns for your outstanding tax... + +Peace out! On to building up these savings now! + +Edit: wow a gold! For my small life problem! Thank you so much, everyone on this thread has been lovely and I hope it's helped shed a light on a problem it seems I'm not alone in having. Hopefully it gives you some perspective that it's not all hopeless, and also I'm sure if you get professional advice this would take less time than it took me! +Tasty fire sale dip incoming possible on market open to defend 190 196 or 200 resistance +B&H fellow apes. Brace for impact! Dont fall for it. +Here is your chance to average down if you missed it yesterday + + +This is not financial advice +I am on a crayon diet and know nothing about stock + + + + +https://preview.redd.it/5x68xhoikqr61.png?width=1366&format=png&auto=webp&s=90789b1b76a48a3eced2137550e0e83c796c7f6e +Just received an email. + +The good news - they’ll leave the interest rate unchanged despite RBA decision. + +The bad - they’ll be suspending the ability to open new Stash accounts for “a couple of months” +I get it, we all have plans on what we'll do with the money, we all have things we want to buy, lives we want to make better, family members we want to help, and freedom from the constant stress of jobs we hate and bills we have to pay, I'm no exception. We want this to happen today, and if not today tomorrow at the latest. + +&#x200B; + +It's been a long slog ya'll, I bought in January during the initial spike and have had my eyeballs glued to these subs and the ticker every single day since I first hit that "buy" button and will continue to do so through the squeeze and even after, but I think we need to take a step back and get a little perspective on all of this. + +&#x200B; + +Everyone might know me as the artist who painted "The Birth of Ape" and I'm doing what I can to add to the morale around here and can proudly say that more than one wrinkle has been formed in this smooth gray lump of a mind from what I've read and seen here but I think a lot is getting lost in all of this technical analysis, MACD's, catalysts and potential catalysts, tweets, shills, FUD, misinformation, completely arbitrary floors, dates, price manipulation, the list is nauseating to be honest because there is one simple truth to what we are doing here. Hold your goddamned shares until the price makes you say "oh my" and commence selling when it starts to go down. That's it. + +&#x200B; + +Personally, I embrace the floor being 10 million and in my head, that's where it sits, but the truth is, no one fucking knows. Not you, not me, not the Pope nor anyone alive or dead on this planet can say what exactly this is going to do once it pops off because this has never and will never happen again. There's nothing to measure it against. That being said there is one thing on the horizon that will be what sends us off into our galactic cruise. It's been talked about again and again in multiple DD's and gets mentioned every so often and it's now one of the only things I can stand to read about when they do pop up. The pending DTCC regulations and the SEC approval process for them. + +&#x200B; + +One thing I want to clarify and one thing you would know if you read even a single DD from u/atobitt, this whole deal stopped being about GME a long, long time ago and you and your tendies are not in anyone's priorities, at all. The SEC, the DTCC and its entities, the banks, the hedge funds, the U.S. and world governments have been playing a very dangerous and very illegal game for decades knowing that they would get away with it because no one has the power or means to bring them to justice. That is until a bunch of simians decided to be funny and pull the pin out of the grenade because ape want lambo. Now if you think they're going to just roll over and let it wipe everything out you need to go back to the beginning of every single sub and start reading again. This is the controlled demolition of the entire foundation of the global economy. Again, this isn't about GME or what you want or a MOASS or any other thing your smooth brain will postulate. GameStop is THE PIN IN THE GRENADE and that fucking thing will not be ALLOWED to explode until they have done absolutely everything in their power to save themselves as much as they are able to, you and I are the sole beneficiaries to the destruction and if you think a goddamned MACfuckingD crossover or shareholder vote is going to send this off then you haven't been paying attention have you? + +&#x200B; + +We are waiting on these things. PERIOD. + +&#x200B; + +OCC 2021-003 + +&#x200B; + +OCC 2021-004 + +&#x200B; + +NSCC 2021-005 + +&#x200B; + +NSCC 2021-002 (also known as NSCC 2021-801) + +&#x200B; + +And whatever else they decide to vomit up to protect their wretched asses. + +&#x200B; + +Now as far as I know the farthest off of these regulations is OCC 2021-003 (it might be 004) to May 31st because of shitstain Susquehannas objection to it, but it might be sooner than that if the SEC decides to remove its proverbial thumb from out of its proverbial asshole and DO something, but that is out of our control. So we wait. I just want you all to know that the sideways trading is not because of anyone's manipulation, there are no short ladder attacks, Ken Fucking Griffin isn't rubbing his hands together and twirling his mustache in a dark room hoping we'll sell. The powers that be KNOW we aren't going to sell. The price is at max pain because the regulating powers have kept it there for months and you can pinpoint when they did take control, go back and correlate when the DTCC regulations started being proposed and when we started going sideways, hmmm? THIS IS A CONTROLLED FUCKING DEMOLITION. + +&#x200B; + +So in short, cool those jacked tits, smoke a joint, drink a beer, play a game, we'll get our tendies but you have to remember that all the players in this epic greek fucking tragedy don't give a single shit about you and what YOU think should happen or what the tea leaves tell you (and seriously, reading tea leaves would be of more help than these "technical analysis" posts that plague our sub, jesus people.) Have patience, bookmark the DTCC and SEC websites and look at the regulation and update pages obsessively as I do, and for God's sake let's use this beautiful sub and our rapt audience to boost morale and \*gasp\* laugh, not give false hope because "I kNoW WHy tHe prICe iS mOvINg siDeWAyS bEcAUsE i HavE a SeCReT pOWer". Buy, hold, wait, done. + +&#x200B; + +Not advice, I ape. +Beside the obvious answer of "You save $3,000 of taxable income"; my question is under the assumption here where someone is making $100k+ a year, I just don't see the point in going through the work of timing things, tracking it, etc. just to save $1000/year on taxes. The higher your income is, the less worthwhile this appears to be. + +Am I missing something? +So a lot of people have been throwing out articles with lots of caps and exclamation points about recalling your shares etc. + +I called my broker, fidelity, to pick their brain about what this whole process is going to look like. + +I've personally said it before but let me just say that fidelity customer service is god damn amazing. Anyway. + +So, I asked the lady I spoke with about what the share recall and voting rights would look like. At first she thought I was asking about if I needed to do anything so my shares weren't lent out, I assume they have got a lot of us crayon eating smooth brains calling them. I said no I'm not worried about that I'm cash. BTW, if you are margin and want to vote all you gotta do is put up cash against your shares, tell them you don't want your shares lent out after moved to cash. Full stop it's that easy. + +So then I mentioned that even just the institutional ownership of gme claims more than 100% of the float, not even counting etfs and apes. I asked, once the official notice is given by the company (gme), of a vote needing to take place, how does it all unfold? + +She said, well if a company (any company) is in a position where shares need to be recalled for a vote, the issuing company (gme) will send out official guidance to institutions about timeliness, requirements and things of that nature. The institutions that service individuals such as fidelity will then forward notice to said individuals. She said that any institution that had shares that were lent out, would at that time start to pull them back in. (!) she said that given the situation of gme, the full 60 day notice would need to be given, because if gme tried to give any less, then institutions that had lent them out would have recourse to force gme to move their voting day. + +So I asked, as long as gme gives the full 60 days to all institutions to get their books in order, their voting day cannot be moved right? Because it is not the issuing companies fault that short positions have put gme in this position. She said that it's possible that they couldn't be done by 60 days given the nature of it, however if gme gave the full 60 notice, and any institution still didn't have their shares recalled by then, they would be subject to lawsuit. + +I said so, where do we go from here? I told her I'm not personally worried about my shares since I know I have paid in cash but a lot of people have big questions marks about this all. + +She said, it is most likely the case that gamestop will send out official notice on the weekend or early next week, because of needing to give the full 60 days. Once the notice is officially given, our (fidelity) reorganization team will start working on pulling back in shares that they need to. She said I (or anyone else I suppose) could call back after this official notice to find out from the reorganization team how this will all officially roll out. Such as voting rights, if my shares are technically ious, that sort of thing ( we also talked about standard share holders like myself not knowing if they can vote till this is all figured out). + +Hope any of this answers some people's questions! It seems like some big shit is going down next week! + +🦍🚀✋💎 +I don't want to disclose any names, but I am really happy! I can finally understand something at work! A company came in to educate directors and management about digital asset trading and they agree'd to start by testing the waters on bitcoin. I know its not a big deal because there are bigger players in the game but the more the better! Its a small-mid investment firm with $1 billion capital. I loved how it took one year for my manager to change his mind. + +Edit: Woah!!! This community is awesome, I love you all! I had no idea it will be this popular! I am going to spend more time in this community because you are all amazing. I am also going to keep everyone posted on this pivot and if there are any trading desk positions. +My sister has a child, who just turned 7. +For reasons I will not go into, I do not get along with my immediate family for several reasons, and stopped contact with them 4 years ago. + +I am 31 + +I have my house paid off, and my base salary is 65K, I usually do an easy 10-20K in overtime a year. I am putting away 30% of my income into my 401K. + +My niece's parents are divorced, my sister was in a car crash that severely damaged her spine, and she is unable to work, or get around well. Her father makes good money, but has shown historically to not look out for the best interests of my sister, or his daughter. He has stated he is saving for her college fund. + +My Intention is to quietly put at least 10K away for the next 10 years into savings, topping out at 100K. When My niece is at the age where she would graduate, if her father did not save as he said he was, I can offer what I have put away. If my niece gets a full ride, or her father steps in, I can keep the money for something else for her later on, like helping her to get a house. + +There is always the possibility since I did not keep in contact with her as she is growing up she might not accept anything from me. + +Is there a better way than putting it into my savings account for the possibility of tuition or home ownership for her, or keeping it if she wants nothing to do with me? +Hi guys, looking for advice on money I currently earn 26.5k a year pre-tax. I pay into the companys pension scheme and also have a LISA with HL. Currently have 2.5k in. I live at home with parents still but I am looking to buy a house in the future. Does anyone have any tips/resources to get the most out of my money whilst saving for a house and possibly a car. Also is it worth paying into a pension or just using an ISA for later life? as I won't be paying tax then. +My credit score is good and have about £1000 a month in outgoings (board, food, fuel, subscriptions etc) +Every month I add a chunk of my pay to my portfolio via an ETF. The market has gone up, then down. And my portfolio is at the same amount as it was 6 months ago. I however have consistently adding funds to it. I suspect some people will drift off at this point, and not see the benefit of adding funds while the chart moves horizontally. + +But you must stick to your strategy. These gains may not eventuate in the next 6 months. But will really come into fruition in the longer term. + +You just need to keep doing the hard work, even when the market is stagnant. +There have been reports of HK buyers ‘flooding the market’ in London, and they have apparently bought US$1.3bn worth of homes here since the UK opened path to citizenship in July. + +But is this as big a thing as they’re making it out to be? Is that actually a bit number in the grand scene of things? + +I’d have thought that while they may help to keep prices propped up, HK immigration is not going to cause a property boom in itself + +So hard to tell what’s going on in London property at the moment! I can’t help but think things are gonna go tits up sharpish, but I’ve been thinking that for a while - and the bubble keeps on inflating. Surely it’s not sustainable , right?! Everything’s working against it, surely.:. + +https://www.google.co.uk/amp/s/www.cityam.com/london-property-hong-kong-buyers-flood-canary-wharf-kensington-and-mayfair/amp/ + +** EDIT** starting to think I should have created this post with a clearer question, as people seem to think I’m trying to get some kind of morality discussion going or that I’m ignorant enough to think nothing else impacts the housing market. + +**Rephrased question** what impact on the London or UK property market will this ‘mass immigration’ (not my words) from HK have, if any? By all means explain answers with context - but that’s the question :) +&#x200B; + +*Expanding on the words of Wes Christian* + +&#x200B; + +[Take your protein pills and put your helmet on](https://preview.redd.it/lbxrma1j66071.png?width=750&format=png&auto=webp&s=636aa4d4650edf86639178d58b7d32f0121c5cf3) + +&#x200B; + +[Here's the link to the Wes Christian AMA that inspired the fuck out of me](https://www.youtube.com/watch?v=2rJujnpKiqM&t=350s) 💎🙌 + +&#x200B; + +***"So, first I want to thank all the followers in this group. Which I understand is close to 300,000, so realize that each one of you are important to the cause, exposing this, getting this information out is critical. It's going to take all of us to make a change."- Wes Christian on Superstonk*** + +&#x200B; + +Did you hear that, Superstonk? How about you in the back, lurkers? ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°) + +&#x200B; + +YOU'RE NOT ONLY IMPORTANT, YOU ARE HELPING PRODUCE AND DISTRIBUTE CRITICAL INFORMATION TO THE PUBLIC!! + +&#x200B; + +&#x200B; + +[300,000](https://preview.redd.it/dqf3uai1b6071.png?width=259&format=png&auto=webp&s=4cd286e82fe811f67ad2202ae3538904c32bfd56) + +&#x200B; + +***"It takes a gargantuan effort, it takes people as strong as apes."- WC*** + +&#x200B; + +Apes are strong. Evolving. Adaptive. Resilient. And cunning. But they are stronger together. + +&#x200B; + +&#x200B; + +[🦍🤝💪](https://preview.redd.it/1wravsm566071.png?width=800&format=png&auto=webp&s=595e722c50b029c06018df2610a752296a58b799) + +&#x200B; + +***"It takes a warrior. It takes somebody that's principled that never gives up."- WC*** + +&#x200B; + +On days when FUD is high and hope is low, every single ape has to realize that it will take the diligence and resilience of a warrior to win this battle. Leroy Jenkins is within us all. + +&#x200B; + +&#x200B; + +https://preview.redd.it/qd589acz56071.png?width=732&format=png&auto=webp&s=3de0883b5aac6d0976c584be45ad6c7084bf7a2d + +&#x200B; + +***"It's up to each of us to make a decision. Do we want to be on the side of right or wrong?"- WC*** + +&#x200B; + +I think we all know which side the apes are on. And history will remember. For generations they have been robbing our families, stealing our ideas and our land and resources, negotiating our time and talents for pennies on the dollar, kept us in class and race wars to distract from the fact that... they've been stealing the world's wealth for a lot longer than Gamestop has been a company. And the game stops here. + +&#x200B; + +&#x200B; + +https://preview.redd.it/rgjqyk0986071.png?width=620&format=png&auto=webp&s=a806387a4178aaae1cb38ad42089018cae14d1ef + +&#x200B; + +***"How do we want to spend the talents that God gave us?"-WC*** + +&#x200B; + +Are we going to let the FUD stop us from using our talents to grow, nurture, and thrive within this golden think tank that is **quickly becoming bigger, mightier, and more precious than the City of Athens?** Or are we going to put our wrinkles to work and create to share, to spread knowledge among our kingdom of apes, new and OG alike, and fortify these great walls we have built from the ashes of WSB and GME. To protect the culture and the inevitable philanthropy and hope that will come from these walls post-MOASS... we are a force to be reckoned with. What we are building together within the walls of this city will stand tall and proud, long after the squeeze has squoze.💖💪 + +&#x200B; + +&#x200B; + +[Superstonkers debating the new DD](https://preview.redd.it/rw8xc2t286071.png?width=300&format=png&auto=webp&s=33995532e23ef719dc0a78f6a5dc521e7816cec0) + +&#x200B; + +&#x200B; + +***"Ultimately it's going to take massive amounts of people to want to be involved in this to expose it. We're gonna have to come together as a similar*** ***~~wolf~~*** ***ape pack to share education to educate ourselves and fight it. And to ultimately win the battle at least as was done in part with Gamestop."-WC*** + +&#x200B; + +&#x200B; + +https://preview.redd.it/31wawei996071.png?width=760&format=png&auto=webp&s=55185963254d4427ac93e13569588704fb98813b + +&#x200B; + +# "It's gonna take a massive effort by the investing public to RISE UP..."-WC + +&#x200B; + +[RISE UP!!](https://preview.redd.it/pqgywege96071.png?width=1258&format=png&auto=webp&s=01a4702a43e6cf1d4217aeb1e17ea9b377d9ab89) + +&#x200B; + +# "This effort that this group of ladies and gentlemen are involved in is CRITICAL it's MISSION CRITICAL..."-WC + +&#x200B; + +&#x200B; + +https://preview.redd.it/jhhlykeo96071.png?width=300&format=png&auto=webp&s=300b34e3b485d23fa0ec448356f8d2551c9b6b69 + +&#x200B; + +***"Fakeness, or lies, deserve no place in this process."-WC*** + +Go with your gut. If someone tells you there's a price ceiling, and especially if it's in the (low) thousands, they are *fucking* *liars*. You know who tells you that the price ceiling is anything below an absurrrrd amount of money? + +**People that are paid to tell you that. And to sell on the way up. Especially as anything but a limit order. It's confirmed FUD. Ignore, report, correct in the comments. Call out those shill motherFUDers. Remember, if it looks like a duck and quacks like a duck! 💎🙌🚀🚀🚀** + +&#x200B; + +&#x200B; + +[THERE IS NO CEILING FOR HODLERS](https://preview.redd.it/xdai6nxca6071.png?width=300&format=png&auto=webp&s=ece6baa7a0f507457cc47751b8dcd4ad1ef03390) + +&#x200B; + +***"Dilution is a very important point- Dilution is an actionable form of damage model."-WC*** + +&#x200B; + +https://preview.redd.it/a3364ixzb6071.png?width=638&format=png&auto=webp&s=d64d875e94adc5912965ea3bfee4165c89019b69 + +&#x200B; + +I.E. big lawyer speak for, if you own shares, and your ownership has been diluted (like can be proven by overvoting) because of naked short selling, then **THOSE DAMAGES GIVE SUFFICIENT REASON TO TAKE LEGAL ACTION!** + +&#x200B; + +# 🚨OMG WE CAN SUE THEM!!🚨 + +&#x200B; + +# "In the next 3-6 months you're going to see some major things happen on the legal side. We've been increasing our bench exponentially, we've put a big pot of money together, and we're gonna go after this in unprecedented way." -WC + +&#x200B; + +https://preview.redd.it/sffrw8hxc6071.jpg?width=800&format=pjpg&auto=webp&s=358e51bdda8ccc3a5007dbfbb683731a26f97cb0 + +&#x200B; + +***"What can change this? Doing what SuperStonk is doing, because it's going to take massive amounts of people to be involved to expose the bullies out there."-WC*** + + So what can you, dear ape, do to best help the cause here? VOTE YOUR SHARES! Upvote good content! Follow your nose and report FUD. **BTFD. HODL.** DIAMOND HANDS ARE STILL EVERYTHING- NO MATTER HOW LONG (or short 😝)!!!! Basically, just keep being fucking awesome. 🤙 + +Voting your shares, or finding out what you can do in the case that you can't vote, is the most important thing you can do right now. + +&#x200B; + +**No matter what happens, dear apes, HODLing got us here. And HODLing will take us to the moon and beyond. Remember that by VOTING AND HODLing, we are the catalyst. The catalyst has literally been inside us the whole time. 🚀🚀🚀** + +&#x200B; + +https://preview.redd.it/n2b2ptu7g6071.jpg?width=1920&format=pjpg&auto=webp&s=99ba6e371ceac8a1cbcaf019c9b39933c9639f89 + +&#x200B; + +**Stay strong and ever vigilant, my dudes. ✌** + +&#x200B; + +💎🙌🚀 +I have a single residence house in renting out and have been paying a property manager to manage it since I moved out of state for a while. I wanted to know when it's possible to fire a property manager and what steps I should take to properly manage the tenants myself. Thanks! +Hi. I've recently purchased my first multifamily and am looking for a second soon. However, I started looking into buying castles in Europe as a goof and was shocked to find they are surprisingly affordable. I'm new to real estate investing, but between RE, my job and side projects it's not unreasonable that I could have a downpayment for something like this down the road. + +I'm wondering if anyone else has looked into this or has actually bought one AS AN INVESTMENT, and if they were able to turn a profit. I know there are a lot of expenses related to owning one, chiefly maintenance and taxes, but I also know that a lot of these castles have the potential for tourism and events, not to mention a lot of them have acres of land for vineyards or farms. + +Another thing I'm curious about is whether purchase of a castle follows conventional financing methods. As in, is it possible to buy a castle with a traditional mortgage (20% down)? Or are there other fees and constraints associated with such a purchase? + +I should also mention that I'm an American who would be looking in European markets. I'm sure the tax and financing policies must vary by country, so any advice for which country is most favorable for this investment would also be appreciated! + +For reference: [https://castleist.com/castles-for-sale-in-europe](https://castleist.com/castles-for-sale-in-europe) + +Edit: I get that maintenance and renovation costs are the biggest hurdles of buying a castle as an investment. I'm mainly trying to find out how a castle can be managed--financially--so that it becomes a profitable business. Resources abound for other buy-and-hold properties like single/multifamily, apartments, etc. but I can't find anything for castles. Is there a way to get a castle to profitability, or will renovation costs really eclipse all profits I can hope to make? +I'm just wondering if someone with experience could lay out the different costs associated with owning and renting out a Single Family home vs a Multi Family unit. Obviously there will be some cost savings with a 2,3, or 4 unit multifamily building (1 roof, taxes on 1 building, time savings of only checking in/up on 1 building) but most likely other expenses such as multiple possible HOA fees, multiple kitchens.. etc. + +&#x200B; + +Just wondering if anyone knew which one had higher expenses and what the major differences would be. Thanks! +Did a project using scikit-learns countvectorizer and a logistic regression algorithm to see if it was possible to predict the market. I was able to predict around 59% accuracy using my testing data. Interestingly you can look at the coefficients of the data to determine which words the algorithm used the most (the key words or phrases). + +**The market likes future and present tense phrases (will be/have been), china, and "and other".** + +**Market doesn't like the phrase "the country", threatening connotations, "bin laden", Mondays, or Iran.** + +&#x200B; + +Feel free to check out my the code I used/notebook here + + [https://github.com/harttraveller/nlp\_stocks/blob/master/stock\_words.ipynb](https://github.com/harttraveller/nlp_stocks/blob/master/stock_words.ipynb) + +&#x200B; + +**I created a barchart of significant words at the end, the top half represents words/phrases likely to push the market up, the bottom half represents words/phrases likely to push the market down - it's at the end of the notebook.** + +&#x200B; + +Hope you found interesting! +Got this via email about an hour ago: + +[https://www.quantopian.com/posts/were-joining-robinhood](https://www.quantopian.com/posts/were-joining-robinhood) +Long story short, a family member passed away and I got some inheritance money. Nothing crazy, but a decent amount. I never really traded before, but I've done some research off and on. I thought "Well, might as well try out stock trading, it's at least a bit better than the casino" When the tech market dropped a few months ago, I decided to invest in it at just about bottom prices. They rose recently, and I cashed out. It was pretty standard, I just bought the dip, it rose pretty nicely and I sold. Obviously, I get that things always don't go that easy. I've got a construction business, so I don't have the time to get into day trading anyways. However, would it be wise to run with the profits as a one-off sort of occurrence, or keep my eyes open for further dips? I'm personally thinking the best option is to keep trading, but with a much lower amount (Say, only screw around with 1-2000 at a time). +**V.2** + + + +V3 NEW UPDATED DD [https://www.reddit.com/r/Superstonk/comments/mx9mxv/v3_dtcc_the_final_boss_corruptor_of_markets_dr/?utm_medium=android_app&utm_source=share] + + + + + + + + + +Reposting again for more Dissemination , but more enhanced & readable.hopefully can get some discussion this time + +TLDR included but recommended you read what the fuck has been going on for decades + +we must understand everything and go deeper With the DTCC and Cede, we have to talk about it ! + +&#x200B; + +[GIANT FTD Thread where I got this from](https://cmkxunofficial.proboards.com/thread/2494/stock-counterfieting-dr-jim-decosta) if you have the time to gain all the knowledge about how EVRYTHING IS HAPPENING , how deep a grave the hedges can dig themselves read the whole thread. :) + +# FTD & CNS + +&#x200B; + +When a naked short seller fails to borrow shares to deliver to the buyer, he fails delivery to the NSCC – the intermediary in the trade. So he has a Failure to Deliver (FTD) sitting there at the NSCC – an IOU to the NSCC for shares. The NSCC is in charge of guaranteeing delivery to the buyer, so the NSCC either dips into the SBP (SHARE BORROW PROGRAM) and borrows some shares to give to the buyer, or if there aren't enough shares at the SBP the trade moves “Ex-Clearing” – outside of the DTCC system. + +&#x200B; + +&#x200B; + +“Ex-Clearing” is where the buying broker and the selling broker make a contractual agreement to handle delivery of the shares off-line, outside the system. Nobody polices these arrangements, so there is no way of knowing when, if ever, the shares are delivered – that is between the two brokers. + +&#x200B; + +&#x200B; + +This results in share counterfeiting, as the buyer is represented to have received valid “Share Entitlements” when in fact they are nothing of the sort, until the book-entry shares are delivered – which may never happen. + +&#x200B; + +So share counterfeiting can occur in a number of ways, but always because of the same factors – the buyer’s broker misrepresents invalid “Share Entitlements” as real to his client. + +Pretty simple. It is all driven by Wall Street not wanting to have to give back commissions when shares are un-delivered. So a flood of fake “Share Entitlements” – counterfeit shares – are traded in the system as real, and as long as all the brokers treat the fakes as though they are real, everyone on the industry side of the fence wins big – more trades, more commissions, more shares with which to drive down prices for the large, super-important customers of Wall Street – the hedge funds. That is what is known as creating “liquidity” by creating fake shares. It is pervasive, and the SEC and DTCC refuse to tell anyone exactly how big the problem is, or to divulge the size of the problem by company. + +&#x200B; + +**Everyone on Wall Street – the financial press, the brokers, the DTCC/NSCC/DTC, the research firms, the banks – all have a ton to lose by this being understood by Main Street America.** + +&#x200B; + +The Continuous Net Settlement System (CNS). A system implemented by Wall Street to speed transaction processing, which nets sales against purchases, and against the accounts of DTCC participants. + +&#x200B; + +What does it have to do with the magnitude of the Fail To Deliver (FTD) problem? + +Turns out, a lot. + +Because of the netting, many delivery failures never show up as such at the DTCC, and consequently are never reported. The DTCC literally doesn't know they exist. How can that be? + +Here's an example created by Dr. Susanne Trimbath , PhD, an authority on the clearing and settlement system: + +&#x200B; + +Here’s what happens if you settle trade for trade + +Sell “Deliver” at customer account level (some level below your DTCC account) + +\-100 +\+0 + +\-200 +\+200 + +\-500 +\+500 + +\-800 +\+700 + +i.e., you are short 100 shares at this level, with 200 shares failed to be delivered and received + +Now look what happens at the end of the same day after NSCC Account nets to the -800shares position: + +Seller’s DTCC Free Account + +9,000 + +NSCC settlement: -800 + +Balance after settlement: 8,200 + +&#x200B; + +There are no failures to deliver at NSCC that day because there were sufficient shares in the sellers free account to cover their bill + +Ta-dah! Netting hides the failure to deliver + +&#x200B; + +In other words, Prime Broker A could have, say, 1 million long shares of NFI in their account, and during the course of the day, several of their big hedge fund customers could fail 400,000 shares, and those would never show up as FTDs because the CNS system would net the fails against their securities in their account, essentially netting the fails against shares in their DTC account. + +&#x200B; + +Here's how it was further clarified by Dr. Trimbath: + +"For your question, you need to follow through to the DTC account, where shares are taken automatically for CNS settlement by NSCC. Here, we’re talking about a hedge fund that failed to deliver to Prime Broker A, a specific trade that failed delivery. However, because the “free” shares are taken from Prime Broker A’s account there is no reported failure to deliver at NSCC + +&#x200B; + +If, for example, the failure is in IBM, and Prime Broker A has a ton of shares hanging around the house account, then those get swept up for delivery and there is no failure in CNS. There is a failure in the system somewhere, but the DTCC never sees it. Prime Broker A should be tracking it, we hope, to be sure they get the shares... But there are no SEC rules about Prime Broker A reporting that. (From what I’ve seen in NYSE audits, the Prime Broker A's of the world aren’t keeping very good records on this sort of thing, frankly). + +&#x200B; + +Now what if those are NFI, and Prime Broker A doesn’t have a ton of shares hanging around the house account? Now, there’s nothing to get swept out for settlement and you get a reported FTD from NSCC. This helps explain why smaller companies show up on threshold lists more often + +&#x200B; + +OK, so I get it. CNS nets against the NSCC accounts of the participants, and the only FTDs that are reported are trades over and above whatever each participant has on account, after all trades for the day are netted against each other. + +&#x200B; + +So realistically, delivery failures hidden by the CNS system could be much larger than what shows up as FTDs at the DTCC, given that 90+% of all trades are netted. Literally, most of the issued shares of a company on account at the DTCC via brokers could be used up in netting BEFORE the first FTD showed up as we think of them, or as they would show up on a FOIA request. + +&#x200B; + +Now think about that for a second. + +how much is due to the slop in the system - the CNS hidden delivery failures? Nobody knows. + +So what does that say about market integrity? + +&#x200B; + +Try this one out. In addition to CNS netting hiding the true level of delivery failures, we also have ex-clearing, wherein failures are moved out of the system and treated as a contractual agreement between two brokers - thus out of, or "ex", clearing system. Nobody really knows how large that is, either. And foreign clearing firms also net behind their own curtain, further minimizing the problem's size. + +**Are you starting to get it now?** + +and further consider how much is hidden behind the curtain of CNS. + +How's that for scary? + +&#x200B; + +TLDR : The short way of saying it is that CNS netting could easily be minimizing the apparent FTDs problem by 90+%. . + +&#x200B; + +&#x200B; + +# DTCC & COUNTERFEIT SHARES + +&#x200B; + +The key to naked short selling fraudsters is to get these trades involving the sale of nonexistent shares to “Clear” even though “Settlement” Which involves the “delivery” of that which was thought to be being bought i.e. genuine “shares” or “packages of rights” attached to a specific U.S. Corporation may never occur. The “Automated Stock Borrow Program” at the DTCC allows shares held in “Street name” at the DTCC to be borrowed from an anonymous “Lending Pool” of shares. This allows the firm of the buyer of these nonexistent shares to receive delivery of “something” that at least resembles a legitimate share at first glance. + +&#x200B; + +The problem is that the buying firm is allowed to immediately place these “Shares or share facsimiles” right back into this same anonymous “Lending pool” of shares **AS IF THEY NEVER LEFT IN THE FIRST PLACE. THE BUYING FIRM IS THEN HANDSOMELY REWARDED BY THE DTCC WITH THE CASH EQUIVALENT OF THE SHARES DEPOSITED INTO THE POOL AND CHOSEN TO CLEAR THE NEXT FAILED DELIVERY. THIS WONDERFUL ABILITY TO CONVERT A CLIENT’S PURCHASES OF REAL SHARES OR “PSEUDOSHARES” INTO CASH FOR THE USE OF THE BROKERDEALER PROVIDES PLENTY OF INCENTIVE TO KEEP THE “LENDING POOL” FULL TO CAPACITY.** + +&#x200B; + +THE SELF-REPLENISHING ASPECT ALSO HELPS KEEP IT FULL TO ADDRESS AS MANY “FAILED DELIVERIES” AS THE SYSTEM WILL GENERATE WHICH IS AN INFINITE AMOUNT IF NO REGULATOR MONITORS FOR THE APPROPRIATENESS OF THE USE OF THE “BONA FIDE” MM EXEMPTION FROM BORROWING BEFORE SHORT SELLING + +&#x200B; + +&#x200B; + +*The “Counterfeit Electronic Book Entries” “CEBEs”-electronic book entries at the DTCC without a certificated share in a DTCC vault to justify its existence that result from the lack of buying-in these failed deliveries then appear on investors’ monthly statements as readily-sellable “Pseudo-shares” despite the fact that there is no paper certificate in a DTCC vault to justify its existence. Keep in mind that the DTCC at all times has full visibility of the number of “CEBEs” as well as genuine shares held in their vaults. The “Supply” variable that interacts with the “Demand” variable to determine share price then becomes the arithmetic sum of all genuine paper-backed electronic book entries at the DTCC plus the number of “Counterfeit Electronic Book Entries”. This greatly enhanced “Supply of readily-sellable shares” then interacts with a greatly diminished “Effective Demand” for shares due to buy orders for shares being effectively neutralized by the sale of nonexistent shares into these buy orders resulting in the typical precipitous drop in the share price of the preyed upon U.S. Corporation. This allows the unknowing investors’ funds to flow into the lap of those that sold nonexistent “Entities” but still refuse to cover* + +&#x200B; + +# Dr Jim Decosta Against abusive shorts + +&#x200B; + +Dr Jim Decosta sent many letters to sec trying to change the abuse but we all know sec does nothing. + +but he fought for many years along time ago and he is extremely knowledgeable about all of this thats going on . + +however I can not find much information on him other than his letters + +&#x200B; + +*"As the “surrogate legal owner” of all shares held in “street name” Cede and Co. as the nominee of the DTC subdivision would clearly be empowered to execute buyins when the shares that they are acting as the “surrogate legal owner” of on behalf of the purchaser never showed up. Acting as the “surrogate legal owner” has fiduciary duties attached. Any market intermediary acting as the “surrogate legal owner” on behalf of the purchaser of securities would according to UCC Article 8 “exercise due care in accordance with reasonable commercial standards to obtain and maintain the financial asset”. This “surrogate legal owner” would owe a fiduciary duty of care to the “beneficial owner” of these securities i.e. the investor that paid for them. Cede and Co. was to take on the role of the “surrogate legal owner” of all shares held in “street name” ONLY in an effort to enhance efficiencies otherwise each stock transaction would necessitate the cumbersome transfer of deed-like instruments. It was strictly forbidden to utilize this “surrogate legal ownership” title and role as LEVERAGE over the “beneficial owner” that purchased the shares whom this “surrogate legal owner” theoretically represents. Note that if the investor purchasing securities were to remain the “legal owner” it would obviously be given access to the information revealing that what he “owns” never got delivered. This generous volunteering of the DTC to act as the “surrogate legal owner” cleverly results in the purchaser of shares not realizing that the securities he purchased never did get delivered. Why? In the case of abusive naked short selling it’s because they never existed in the first place.'* + +&#x200B; + +" A bona fide MM would rather sell nonexistent shares at a higher level than at a lower level UNLESS HIS CURRENT NAKED SHORT POSITION HAS GOTTEN OUT OF HAND TO THE POINT THAT COLLATERALIZING AN ASTRONOMICALLY HIGH NAKED SHORT POSITION AT HIGHER LEVELS MIGHT BE COST PROHIBITIVE. SHOULD THIS SITUATION PRESENT ITSELF THEN FRAUDULENT NAKED SHORT SELLING IS OFTEN SEEN AS THE ONLY ESCAPE ROUTE AND A “BLANKET” OF FRAUDULENT NAKED SHORT SELLING IS OFTEN PROVIDED BY THE TROUBLED MM AND ANY WILLING CO-CONSPIRATORS THAT HE CAN “RECRUIT " + +&#x200B; + +[Jim Decosta sec letter](https://www.sec.gov/rules/proposed/s72303/decosta010404.htm) + +[Sec letter 2 Pdf](https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf) + +[google link with many results of his letters -if you're feeling like learning from the master](https://www.google.com/search?q=dr+Jim+Decosta+sec&rlz=1C1UEAD_enCA942CA942&oq=dr&aqs=chrome.0.69i59j69i57j0i433l2j46i433j69i60l2j69i61.4127j0j4&sourceid=chrome&ie=UTF-8) + +&#x200B; + +# Terms + +&#x200B; + +DTCC: The Depository Trust Clearing Corporation – clears and settles virtually all trades in the US. + +NSCC: National Stock Clearing Corporation – subsidiary of the DTCC, acts as the “back office” of a bank, handling debits/credits for stock trades (basically handles the money) and acts as the contra-party in all trades + +&#x200B; + +SBP: Stock Borrow Program – a program at the NSCC where shares are available from the DTC, on loan, to cover temporary delivery failures. + +Self-Replenishing: The SBP is operated on the honor system, and it allows member brokers to put shares into the anonymous pool of shares in the SBP, to loan to the NSCC. It is said to be self-replenishing because once a share is borrowed by the NSCC, and delivered to the buyer, the buyer��s broker is free to put that same share back into the pool, to be relent out again to someone else. In that manner, one genuine share can give birth to a daisy chain of fake "Security Entitlements" at the brokers. + +&#x200B; + + + + +Edit :1 +Share borrow program no longer exist. But corruption and naked shorting is still there. We drive deeper into how corrupt the market really is And house of cards part 2 might shed more light +- + + + + + + + +TLDR: they been corrupt working together for a long time +Rules has since been put in place to stop these and naked shorting all together. However naked shorting still continues and with hedgies working with dtcc they can get away with alot. But since the mess is so big with gme, dtcc is putting an end to it and try to redirect attention + +dtcc loop holes and cede loopholes , hedge funds abuse and sec does nothingits all illegal and been illegal for a long time but nobody cares + +&#x200B; + +lets talk about it now that we are all mentioning the DTCC & CEDE +lets learn together +Edit: Thank you all very much. I truly appreciate you all taking the time to respond and give a total stranger advice. Did not expect this post to get all these responses, so my apologies if I cant respond to you all. Again, THANK YOU! + +&#x200B; + +&#x200B; + +22 with $4k + +Hello all, this is my first post in this sub reddit so please be nice as I'm not familiar with reddit what so ever. + +I'm a 22 year old high school drop out currently making $20 an hour landscaping. About $1500-$1900 bi weekly, dependent on amount of overtime. + +I have no debt, car payments or credit cards. I have no credit score. + +Currently live rent free, and will continue to for about 2 more months before I move to Bozeman Montana, where ill be paying $650 a month for rent (first months rent and security deposit already payed). Do have a job lined up, but taking a pay cut to $18 an hour in hopes of learning new skills to further increase pay down the line. + +I have $4k in savings and about $750 in the stock market, mostly index funds due to lack of knowledge about investing. + +My question for you guys is what should be my next move? Should I be taking steps towards certain actions? This will also be my first time living independently, so tips regarding such would also be appreciated. + +I've received absolutely no financial education from any parent, adult or mentor, so i apologize if these questions seem stupid. I'm just not to sure where to go from here, but would like to try and do the right things now to avoid a lifetime of finance controlling my life. + +Again, this is my first post so I apologize if I come off as a jerry. + +Thanks in advance, have a wonderful day! + +&#x200B; + +&#x200B; +I have been working in finance for the last 15 years, with a background in applied economics and I didn’t have my Bitcoin epiphany until last year. When I first heard about Bitcoin, I dismissed it immediately with the same tired Dutch tulip bubble critique. As you are well aware, this is literally always the go to example used by detractors. + +On the surface, it’s not that hard to understand why this is their initial reaction. Think of all the barriers that one has to cross: what exactly is the technology behind it, what if it gets hacked, price volatility, government bans, use case, bad actors (Mt. Gox), environmental impact, and other various FUD. Then once you get past that - you have to learn about exchanges, wallets, private keys, self custody, mining process, halving, hard forks, hash rate, etc. Honestly, it takes an exhausting amount of learning to even come to an informed decision on Bitcoin. But in my experience, when someone takes the time to peel back all these layers, they almost always reach the Bitcoin singularity and then there is no going back. + +My Bitcoin journey was borne out a simple math problem of world wide governmental spending and how quickly that is going to catch up with us. When just looking at the US government’s baked CBO projections and adjusting for their historical inaccuracies, you see an inflationary situation unfolding of 10% or more year over year, starting in about 8 years. This calculation was done before all the covid spending, which is obviously going to accelerate that timeline. + +Bitcoin is so much more than an investment and it’s hard to categorize it as just one thing. It is truly a revolutionary technology that will be looked at as an instrument that helped push economics into a new plane of existence. I can’t stress to people how revolutionary it is for a monetary policy to be controlled autonomously by math. That’s it, rant over and enjoy your Sunday. +I originally posted the below in another thread, but thought it might be useful information so pasting below. Hopefully, this doesn't violate any rules. + +For most people, leasing solar panels is a BAD deal vs. buying them. This includes people who think they "can't afford" to buy panels. Both buying and leasing panels involves a monthly outlay in lieu of a power bill—either to service a loan on purchased panels, or to pay the lease. + +Here's why: + +\-Solar leases can make it very difficult to sell your house, since the new owner has to agree to take over the lease. + +\-If you own the solar panels, they are an asset that increases the value of your house. If you lease them, they become a liability at sales time (see above). In some states, this increased value cannot legally be factored into property tax assessments as well, so you get to increase the value of your house without increasing your property taxes. + +\-Solar panel financing is very easy and can be done from the company who is selling them to you. It can be a VERY good deal. This stuff changes year-to-year, but here's how it went for me when I got mine installed (2016, New York state): + +\-A govt-subsided bridge loan gave me the value of the tax credits upfront, so I don't have to wait for them year-to-year. This effectively lowers the price of your solar panels from the get-go. For me it was cut from maybe $20k to $10k after the credits). + +\-Then, a govt-subsidized loan (in New York it's via NYSERDA) covers the rest, so there is effectively no out-of-pocket payment. Just a monthly "loan" payment that for me was about $90, and I pay instead of a power bill. + +\-The end result: I pay about $90 a month (less than my power bill would have been), and in 20 years the panels are completely paid for and I am left with an asset that increases the value of my house without adding to my property tax assessment. Oh yeah, and it helps the environment. In all: a VERY good deal. + +\-Solar leasing companies exploit all of the above financing schemes, which is how they make money. When you lease, you lose out on these. In addition, THEY continue to own a valuable asset that you are leasing for more than it would cost you to make loan payments. +Hey I'm a 17 y/o boy and I'm interested in learning about finance. +But I'm confused as to where to start learning about it. +Can you recommend me books, or anything from where I should start learning the basics. +Hello! + +My wife recently started her own mental health counseling private practice. We don’t have a credit card in the name of the business right now so we are not establishing any credit for the business itself. + +What reasons are there for us to get a credit card and establish credit as a business? + +The only reason I find when looking it up is to keep personal and business purchases separate. We have a system of using a personal credit card exclusively for business purchases. We end up paying that card off from the business bank account. So I’m not concerned about intermingling money. What other reasons are there for establishing credit as a business? + +Thanks in advance! +Thanks in advance for your input. Doctor here, 3 years out of residency. Making ~$300,000/yr, started with $519,000 in student loan debt (I know) I’m now down to 410,000. I’ve only really been aggressive in the last 2 years. Refinanced to a rate of 3.79%. I have 70k in cash that I was keeping as an emergency fund in a high yield savings account that was 2.2% now its 1.55%. My biggest expense is my student loan debt otherwise I can live on 2k/month. I’m scared of giving up my cash in case of emergency, but I’ll do anything to make this debt go away... +I was married in my 20's and divorced (cleanly financially) a few years ago. I have 3 CCs (11-16%) totaling $39k. I also have a private loan with $30k on balance. I pay mortgage ~$1500 inc tax/ins. + +For retirement, I was in the service and had a TSP plan, which the account has been dormant for a long time. After I got out, I got a gov contracting job and that gave me a 401k, which has been dormant for over 5 years now. I got another job and have a 401k with them currently. I also contribute to a Roth IRA with USAA. I would like to roll up everything except current 401k into a Vanguard account but not sure what best to do. + +My net income a month is $7200. Should I get a CFP? I think it could be worth it but they may do things I don't want to happen in the end, so I am kinda hoping I can get some guidance/direction here. I know I need to be focusing on my CCs, but have had a rough past 5 years so have been ignoring them. + +edit: I also have some minor stocks, mostly ETF's and some in stocks. $3800. +I know nothing about economics but I've heard this sentiment expressed by multiple people lately. + +I'm currently unemployed looking for work and the advice is to find a job quick smart before we fall into a recession late this year / early 2023. + +Is there any evidence that we are on a downward trajectory? + +And if so how bad are you predicting it to be? +Have none of you people seen a holiday movie? Of course it will seem unlikely that the thing everyone hopes will happen will come true. + +We are in the final stretch now, so be prepared for some seasonal magic to hit, no matter how ridiculous and contrived. Perhaps it will happen when the Grinch character in your life (A douche brother - in - law perhaps?) will say something dismissive like "You should never have wasted your time and money with something as foolish as crypto". + +Then you will see the numbers start to shoot up. His eyes will go wider and wider as he realizes his mistake. (You giggling when it hits $69K won't help any). When it finally hits $100K, his heart will grow 3 sizes that day and you will be vindicated. + +This happening is inevitable. The only chance of it not happening would be if our lives are not a work of fiction, and that seems very unlikely. +Besides the big names in technology, what other tickers do you have your eyes on for short positions? Obviously, I am looking for names with high volume, and low bid/ask spread. Here are my choices: COIN, EEM, ITB, IYR, +My AMD shares got called (1x) this weekend at 95. + +[https://www.reddit.com/r/thetagang/comments/otd2hc/amd\_cc\_itm/](https://www.reddit.com/r/thetagang/comments/otd2hc/amd_cc_itm/) + +AMD has been soaring and now it's at $114. It hasn't pulled back since earnings for a reentry via CSP. Seems AMD is going to places and I want to buy again. What do you guys think is a good entry point? I would like to reenter with a CSP +Have ten thousand left over after budgeting for school so I was looking to get a better return than my current .5 percent “high yield” savings account. Anyone have some good stocks for that size of investment? +Hi there + +I've recently started studying option selling (Covered Calls, Cash Secured Put Options, Iron Condors, Butterfly etc) and am wondering is it actually possible to make good money off selling options or is it just a way to lose money. + +I love this page studying all the advice that's posted. I'm just wondering are many of ye making money selling options? + +I currently have a longterm portfolios that has grown to about 30k at the moment (in degiro and etoro). I was thinking of just leaving those portfolios alone and let them grow for the moment and starting off a option portfolio where I would start selling options using the strategies stated above. + +The question is would it be worth my time going down that route of creating an option portfolio or would I just be better to keep adding into my long term portfolios? + +Would appreciate any advice. Thanks +Apple is undervalued. Period. It’s Apple. Come on. It’s trading at $269 as of now. I can buy an ATM call in September and continuously sell puts against it to bring my cost basis to $0 for the option. + + +If at expiration (hypothetically), Apple is trading at $310, I can sell another option near the strike and profit the $40x100 shares x however many spreads? +Is there anything I am missing? +This is what I got for being a professional. + + +They told me to sign something and I did that. I didn’t want to argue about it. It was stating that I volunteer to quit my job, effective today. I don’t know what would have happened if I didn’t sign it. They could actually fire me for something they made up and it would look terrible when someone would do my employment verification. + +People say I shouldn’t have signed that and then do what? Just come to work and wait till 5PM? I lost 2 weeks of pay but that’s not a big deal. + +edit: people don’t realize that I’m relived by not having to spend more time at this company, I feel happy. I’m planning to visit friends and family. + +Having said that, I did not act in my best interest and should have prepared for this. Signing that paper was a mistake, I get it now. + +edit2: I get it, guys. I messed up, I signed away 2 weeks of pay and unemployment benefit. Lesson learned. +My computer was stolen... there is no drives anymore everyone. I downloaded software, I purchased a coin with the software, it gave me a string of number and letters. I think I copied and pasted them to a work document and saved it on my computer. Then the computer got stolen +In 2012. Hope that helps clarify 🤓 +We've been fortunate enough to bootstrap a niche vertical field services management/PropTech SaaS to $10M+ ARR, 55% EBITDA margin, and 50%+ year-over-year growth. We're now seeking a liquidity event, likely a slight majority deal with a PE firm to take some chips off the table and diversify. We're in the process of interviewing investment bankers to serve as advisors in the process. We have narrowed it down to a couple that seem great. + +One is a big, international and established name with lots of transactions in our space. They usually do larger deals ($500M+), but seem to be branching out into the lower middle market where we sit (\~$100M-$150M EV). The 2 we are talking to are fun guys, a bit heavy on the schmoozing but they come across as seasoned pros. + +The other is a smaller NY-based "boutique" firm that promises a faster process (3-4 months vs 6-9) and more of a hands-on approach. They specialize in lower-middle-market transactions, but they have only worked with a couple businesses like ours. Younger guys and straight shooters. They have been extremely educational so far, really helping us break down new concepts and teaching us how to think about things in the world of financial engineering and M&A. + +For those of you that have done this, what factors do you think are most important when choosing an advisor? Of course we hope to maximize the company valuation. Is reputation / relevant comps or speed-to-close more important? Is it all about the personal relationship and who we wanna spend more time with? + +For those of you in PE, how much does the investment banker matter versus the asset itself? Is it strictly around the numbers or do the relationships matter? +Being someone heavily involved in financial markets and trading, I often find myself, either online or with my friends or random acquaintances, discussing the legitimacy of trading through chart patterns. From the research I have done, as well as my own common sense and statistical background, I firmly believe that there is absolutely zero statistical significance to be found within these charts and, furthermore, that they carry zero provable or reliable predictive capability and trading off of charts is nothing more than a coin flip. That being said, I have a hard time convincing people of my argument due to either poor articulation or a failure to properly communicate my points. I explain how there is a lack of studies proving its predictive capability, how chart patterns are subjective, as well as the nature of short-term movements following a random walk and how there are no apparent, observable trends. + +I'm asking this here because I don't know many other communities that (for the most part) agree that TA charts are complete bullshit. I'd like to know your guys' main argumentative point(s) to shut up chart enthusiasts so next time I can quickly shut down the debate and move on to more productive conversation. +Of course being a bozo I got way too excited at the start of the year and bought into a number of stocks that were spoken about and ‘researched’ in this subreddit and another’s. + +Now having seen a lot of those stocks completely tumble over the past month or so I have been starting to think back to why I bought into them. + +There were a number of people declaring how many shares they bought and what price. There was a huge amount of excitement in the conversations with people egging each other on. The more I think about it the more I feel that those were either pumpers or bits?. + +Either way I haven’t seen many of those types of posts recently so perhaps everyone else got caught up in the pump and dumps or perhaps as the market is slowly falling the pumpers and hypers are also feeling the pain? + +I’m currently in on +- abml +- alpp +- aezs +- pulm +- takof +- gaxy +- llkkf +- rmo + + +**TLDR; Volume, MACD, and Short Availability are all extremely bullish for GME. HODL 🚀🚀🚀🚀.** + +Hang on to your bags, this puppy is going higher. The technicals all point BULLISH signals and signify GME is going much higher. + +**Case 1 : VOLUME** + +Look at the volume and price action for the last few weeks. Volume was actually decreasing from Feb 25 to Mar 3, and the price went UP, this is extremely bullish. Typically, if price stays flat or up on decreasing volume, this is bullish. + +Secondly, since Mar 3, we have seen increasing volume with higher prices. This is bullish. + +&#x200B; + +[Holy shit! ](https://preview.redd.it/40z53odskvl61.jpg?width=467&format=pjpg&auto=webp&s=28bacefabefab34d59ba5a2cf2a64b132afdc484) + + + +**Case 2 : MACD** + +MACD stands for Moving Average Convergence Divergence and essentially shows the relationship between two moving averages. The crossover occurred when Ryan Cohen tweeted his infamous McDonald's vanilla ice cream cone photo (coincidence?). MACD shows strong momentum and is pointing GME to higher prices. + +&#x200B; + +[Looks Bullish](https://preview.redd.it/s30997zukvl61.jpg?width=493&format=pjpg&auto=webp&s=e200ddb9c0a88284cce5c7c430806e4eff11222d) + +&#x200B; + + + +**Case 3 : AVAILABLE SHARES TO SHORT** + +From last Friday to today, the shares available to short have dropped a whopping 600,000 SHARES! Yet the price is up 35%+ today. This is extremely bullish, the shorts can't even drop the price given 600,000 shorted shares. Now keep in mind, this is counting the shares that are available to short, and does not include the millions of shares that are ALREADY shorted. If GME continues to climb higher, the short sellers may be margin called and forced to sell. + +&#x200B; + +[600,000 shorted! ](https://preview.redd.it/9aaem6vxkvl61.png?width=498&format=png&auto=webp&s=8c2e0447f1c71e3c441110abad4bc6cb712b2627) + +&#x200B; + + + +**Final Thoughts** + +There are a lot more tailwinds that can catalyze GME. This analysis doesn't even consider the possibility of another gamma squeeze or how many shares are now becoming ITM or "In The Money". This will require Market Makers to purchase additional GME shares if they don't have it in possession on exercise. + +This also doesn't consider the fundamental change in the company and how to properly revalue GameStop from a traditional brick and mortar to an e-commerce player. + +The technicals signify bullishness and you should continue HODL. Don't be scared with dips as long as the trend is your friend. **🚀🚀🚀🚀** +Looking at the world people really don't care what goes on in the background. Our phones and trainers are made by exploited child workers. We buy en mass from unethical companies like Nestle, Shell etc. I know exactly how Amazon treats it workers yet I buy things from there every week. + +I hear it echoed on here quite often that x crypto is no good because it's too centralised. The reality is that most consumers don't really know what that means or why it's good or bad. Even if they do most people will still happily choose a cheaper product without caring about that too much. In an ideal world the decentralised cryptos would win but we need to face the fact that in the future some of the most popular cryptocurrencies will likely be centralised. +Can someone help me figure out if BK is a useful option? + +I am divorcing someone who has stolen everything possible to steal from me. He used my SSN for credit cards, loans, etc. Emptied my retirement through a series of fraudulent wire transfers and faked docs. + +Ive done all of the ID Theft reporting stuff... reported to the bureaus, every month I get fresh reports, and notice new fraud. I lock my credit accounts, and then I recently learned of the tax fraud -- years of fraudulent returns he filed. I'm dealing with IRS for that issue. + +I reported him when I filed divorce to the local police for forging my name on checks. nothing happened. Reported the fraudulent wire transfers to Secret Service, nothing happened. + +he was ordered to pay my divorce atty fees, and he has failed to do that, so my atty quit. + +He let his sister use my SSN, which has resulted in a fucked up picture when doing pre-employment background checks. She used my SSN to get an ID in another state, got 2 DUI, then stole from her employer. I am now engaged with pre employment background screening companies to get that shirt removed, as well as the other state dealing with THAT series of issues. + +He's not been arrested, despite delivering copies of the forged documents, affidavits from witnesses with their contact info, and this all continues. + +I can't get a decent job. I am 2 years behind on car payments. I'm on my 4th application for a change of my SSN number with SSA. + +I am scraping by, poor, depressed, and I'm trapped in a Kafka nightmare, but worse. + +Should I file for bankruptcy? + +Part of me doesn't even think it would help. BK doesn't change my SSN. + +The divorce isn't final yet. He is going to keep doing this until he is arrested. It has been nearly 5 years now of this, with no sign of abating. Police don't care. the IRS has been pretty good, actually, but they're not an enforcement agency. + +I don't have a social safety net. All bets for help or shelter with friends and family are off -- I cut contact with all of them when NONE OF them would help me after ex husband broke my nose and cheekbone. I'm totally on my own here. No kids. + +I'm not sure what to do. I actually don't have any credit cards. Just a student loan and an auto loan, both in default. And $70k in lawyer debt. + +I work under the table at a restaurant and make $1300/MO which only covers rent. I have foodstamps for food. I literally don't own anything else. I don't drive, I just park my car elsewhere once a week because I can't afford gas. I haven't given up my apartment because I know if I move, I won't find rent this cheap in my area (average rent is $2250 in my area) AND I'm unsure if I would be able to get a lease under my own name elsewhere at a later date with or without a room mate based on my credit. I don't have friends or family I could move in with or borrow from. + +I'm still looking for other work. I'm filing for my AA degree this week. I may be able to increase my hours next month, or get another restaurant job until things improve. + +Any help is appreciated. + +Edit::: My pre-marital income was from being a songwriter : https://www.reddit.com/r/personalfinance/comments/746lh0/z/dnwqlp2 + +Edit:;My divorce attorney retainer was $45k, the outstanding $70k is from the remaining balance : https://www.reddit.com/r/personalfinance/comments/746lh0/z/dnwnp4t + +Edit::; I sold a small house I inherited for the $45k retainer money. I now own no property at all, I rent + +Edit: While it is possible someone, SOMEWHERE is doing something at [insert acronym for agency] , This is why I remain doubtful: https://www.reddit.com/r/personalfinance/comments/746lh0/ex_committed_id_theft_fraud_embezzlemnt_5_years/dnwls9y +The most common theory why Satoshi remained anonymous was out of fear he would be arrested or killed. + +Makes sense. He knew what he was doing, he knew the consequences, he knew how the corporate establishment worked. + +He knew that the corporate establishment would do ANYTHING to smear him as a bad person. They would have looked into his life and found something wrong, and highlighted that Nationwide through corporate media, and all those non-coiners that you see today saying... + +- cryptocurrency is bad + +- cryptocurrency is used by criminals organizations to hide money + +- crypto is a fad like tulips + +- it has no value + +- it's going to destroy the Earth as we know it. + +**All of those people would buy into it like a $1,200 iPhone to use for selfies and Facebook only because it makes them feel smart**. + +But Satoshi didn't only remain anonymous for this reason, he remained anonymous to protect you, he did it for you. He knew the corporate establishment had Mass control over the internet, and your privacy would be invaded like termites in a dead tree. + +He knew your information being exposed can be used against you at any time if somebody powerful wanted to ruin your life for going against them. + +He knew that if he was smeared that way that there would have been Draconian laws well before 2017 preventing Bitcoin usage. + +###He knew the only way for it to be adopted before it can be taken down was for most people... + +- not to hear about it before there were already enough adopters + +- not to understand it so the establishment wouldn't understand enough to see it as a threat. + +He knew it had to be a very slow adoption. + +###Now you have countries nervous and trying to compete with it. + +That's why China has the... + +###e-Yuan + +So hats off to Satoshi + +Thanks for helping us establish decentralization against corporate nation. + + +EDIT: I ACCIDENTALLY HIT POST WITHOUT FINISHING. +I get his newsletters and the last one had an idea about improving security for Australian’s financial data - not an expert myself but at first glance it seems like a reasonable idea. + +Having said I am not sure why he thinks being so patronising to a government minister is a good strategy. + +Here are some choice quotes… + +“All you’ll need is to muster up some political ticker, Minister.” - + +“So, my suggestion is that the government (i.e. YOU, Minister)….” In case he forgot? + +“Yet your allegiance is to the Australian people you have the honour of representing.” + +Yea we get it Scott - people don’t like politicians but you don’t have to be a total douche when it comes to offering suggestions. + +I suppose being an open letter it was an opportunity to beat his chest. + +(Full letter in comments) +The Fed raised interest rates in 1928 and 1929 to quell out speculative interests in the markets. Were people expecting the Fed to keep rates low? Was there any widespread market talk of the Fed raising rates and people brushing it off as unsubstantiated rumors? +Hello new poster here, need some minds/ideas please. I took on an automatic Nissan juke on finance in 2020 @ £160 a month all great! 1 year in needed new break pads for £600, frustrating but sorted that fine. Now 2.5 years in, engine check light comes on I’m told CVT is the issue likely need a new gearbox at a cost of no less than £3k looking at up to £7k. I was offered to pay for this on monthly instalments, mind you the car is now only worth about 7k. Couldn’t think of a worse idea tbh. I’ve also been offered to trade it in but my options are limited, only car even close to my price range is too high @ £280 a month for a second hand car, same age as my current one (2017) which I don’t feel comfortable with knowing the issues I’ve already had with the current one. I’ve been told if I add some money towards deposit I can get a better deal, but I’m not in a position to do that currently. So I’m now stuck with a car I’m paying £160 a month for but not getting any use out of. Does anyone know what options are potentially available to me? Would car finance company (Nissan finance) take it back? Could I claim a new gearbox from insurance and then give the car back? I’m now at a place where I’d happily give the car back because honestly it’s too much headache and I no longer have any desire to deal with it. Not sure if this useful information but yes I have gap insurance, I’ve been asked this a few times. Any suggestions are welcome. Thank you in advance ❣️ +I’m a noob. I live in the Metro Detroit area, and found a house for 80k…comes with a month to month tenant. My question is can I just call the listing agent and ask how much they’re paying for rent? It would obviously be helpful when running the numbers….any advice would be appreciated + +Thanks +I'm sitting on 380k without any properties right now. In 2012-2014 I bought 3 houses in the Sacramento area. I didn't use any indicators. I mostly flew by the seat of my pants but did quite well. + +I'd like to use some data this time. Obviously median price month to month, yoy, and case Schiller are relevant. However, each of those are direct measures and don't necessarily predict what's coming unless you have a preset idea of how low the market will drop, if it does. + +I'm thinking the federal reserve rate or mortgage rates might be a good indicator. Presumably when the federal reserve believes it has let enough air out of the bubble I suppose it will drop rates. The fed targets 2% annual inflation. Maybe if it drops to around 3-4 they will start to drop rates in pursuit of that elusive soft landing. Maybe that's a good time to buy? + +I hold to warren Buffett's axiom buy on bad news. If you wait for good news, I.e., rising home prices, I suppose you missed the bottom. + +My mom had been a real estate agent for 30 years in 2012 when I started buying. She thought I was crazy because all she saw were vacant bank owned properties and prices dropping through the floor. + +If you also are waiting for prices to drop what ideas will you use to decide when the right time is? +I live in the States and am interested in purchasing property in Puerto Rico. I can't seem to find answers online, hoping this sub can help. + +Is financing a thing? If so, are conventional 20% down terms the norm? This would be a second home. Is an all cash purchase the way to go? + +Thanks in advance! + +Update: Thanks for all the replies. Obviously I'll be getting in touch with a lender in PR before i make any moves, I was just hoping to get a feel from this community while I was on a crazy long flight and perusing Reddit for hours. And that was a success (thanks again!). Gotta love people who take time out of their day to state the obvious. +Hello, I have been impersonated and sim swapped, they hacked my emails, twitter, facebook, exchanges, literally everything including binance, which they stole 2 btc (daily limit) from today and will steal more if the account isn't frozen by tomorrow. They logged in and somehow disabled my google authenticator and I cannot get into my account, microsoft is working on giving me the hacked email back that is related to binance but they say it will take 3 days to escalate the ticket. In 3 days the hackers will have already taken my entire balance so I really need the binance account frozen now before they can steal more. Luckily I was able to freeze all other exchanges I had money on but please upvote guys I really need this resolved. Also if someone from Binance sees this I submitted support tickets under an alternate email but don't think that will do much and it definitely won't be answered within a day so please help me out :( +I have never posted here before with a buy or sell recommendation except for today to warn all of you about jumping into WISE. Yes the dip looks appealing but as with most things there's a reason it's tanking. + +1. WISE co-founder dumped most of his shares. + +2. No moat and many potential competitors like PayPal, Square and even Visa themselves. + +3. Facebooks Novi çrypto wallet poses the biggest threat. Partnered with Coinbase they have a customer base of some 3billion users, all with no fees using the pax pegged dollar. + +Yes there is still a market for WISE but there's an even bigger market for zero fee transfer of money and there's no shortage of competitors. I'm saying it right now WISE is a lost cause and sure it may go up tomorrow and I'll look like an idiot but long term its going to cause you a lot of pain I suspect. + +Maybe trade around the stock if that's your thing but if you're thinking long term please consider putting your money elsewhere. This is my personal opinion and whether I'm right or wrong this isn't financial advice. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hey all, lurked a while but this is my first post here. + +I’ve had my vanguard S&S ISA open for a while now, and it’s been invested 90% into their FTSE All Cap tracker fund since I opened (+5% emerging markets, 5% Europe-ex UK). + +It seems to be doing quite well in the short term, no complaints. It’s doing exactly what I expect it to do. + +However, I’ve always been someone who likes to be more “hands on” with just about everything. I like the fact that the FTSE all Cap is, of course, globally diversified - but I don’t think it’s quite matching my risk acceptance and time remaining before retirement. + +To put it quite simply, I have a list of 10 funds I’d like to manually split my money across, which are globally diversified, but with more exposure to emerging markets, Japan, and corporate bonds. I’d like that this would allow me to see for myself how each region fares with relation to one another over the coming years compared with the relative black box of the FTSE All Cap. + +Now, Vanguard don’t allow you to hold funds outside of their own portfolio; so I was considering transferring my S&S ISA to HL so I can pick the funds for myself (I already have a pension with HL but I’d rather not mess around with that until I know what I’m doing). + +I just wanted to check whether that sounds like a bad idea to anyone who’s been in the game a little longer than I have? +I want to open a SIPP to transfer over my workplace pensions from my previous jobs, however they all seem so expensive with annual admin fees + transaction charges etc. + +Why hasn't SIPPs seen the same level of cost reduction benefits from competition that ISAs and investment accounts have seen over the past few years? +Hi, I have only gotten into investing late last year so I am still new. + +I was wondering what the advantage or selling point of investing in more traditional brokers like HL over these newer ones that focuses on their apps and free commission, like T212? I think T212 and the like have brought in a lot of noobie investors, but HL has a long-time strong reputation. As HL charges fees, isn't it more attractive to move to these newer brokers? Or should you use HL if you invest a really large amount of money, due to their trust? + +Many thanks. +I'm heavily weighted in £ cash, expecting a long extension or second referendum to bump sterling value, then to move cash into global all cap funds. + +I suppose with only 10 days to go, it's too early to tell. +Anyone like to share their thoughts and opinions on BP atm ? ( and any oil stocks in general ) +I invest mostly in index funds but use freetrade for a bit of a play around. I currently have 22 shares in BP and was wondering if anyone thought it was a strong buy rn ? +My DD ranges from basically checking forecourt prices 🤣 +I see today bp used low carbon funds to find fossil fuels... +strong buy ? Hold ? strong sell ? +Thoughts pls +Quoted verbatim so I don't lose context: + +"As far as compensation goes, for your Roth IRAs at American Funds (that XXX set up for you) you pay a commission of 5% each time you invest. Normally, I work on a fee based basis where I receive a 1% fee for managing assets (fairly common in our industry). But I am only able to do that when households reach over $25,000 in investments." + +Is this good or bad? I'm new to investing and need some guidance here. Only have about $20K invested right now. +(Posting with a throwaway) + +I'm seriously dating someone who, while not a spendthrift, does tend to live paycheck-to-paycheck. She is a single parent so the kids and her mortgage suck up most of her income, and she has had to say "no" to several activities I've suggested we engage in due to monetary concerns. + +My concern is what happens when she finds out that I'm FI. She doesn't have a (big) clue now because I continue to work even though I don't have to. Due to FI lifestyle, I'm not extravagant, but on multiple occasions I've laid out several hundred dollars for items without a 2nd thought, so she may be cluing in a bit. + +What I fear is that she will get miffed that I didn't cover some of the activities that we didn't get to do together when I could have easily afforded them. I know she *shouldn't* feel like this, and until there's a ring on her finger she should not have a say in my money. + +But what I guess I'm asking is for those of you who have had to reveal your savings to SO's without such funds, what are the better ways of doing so, and what are the really bad ways of doing so that I should avoid? +&#x200B; + +https://preview.redd.it/thvoalfm4f771.png?width=2075&format=png&auto=webp&s=2c8e9ae355e8e050a2ff2977b4bfcd9d1bec6500 + +Link to the original article[:](https://preview.redd.it/thvoalfm4f771.png?width=2075&format=png&auto=webp&s=2c8e9ae355e8e050a2ff2977b4bfcd9d1bec6500) [https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03](https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03) + +Text from the article without paywall: + +&#x200B; + +>Hedge funds that bet on falling share prices are stepping up their efforts to spot the next GameStop after this year’s “meme stock” bonanza left the industry nursing billions of dollars of losses in just six months. + +&#x200B; + +>Huge gains in the price of companies favoured by day traders who assemble on message boards such as Reddit caught out some short sellers badly in late January. In recent weeks, these stocks have staged a second rally, with a rise in stocks including cinema chain AMC inflicting yet more pain. + +&#x200B; + +>Hedge fund losses since the start of the year from betting against just GameStop, AMC and Bed Bath & Beyond total more than $12bn, according to data group S3, while bets against a number of others have each run up additional losses of hundreds of millions of dollars. More than half short sellers’ $5.1bn of losses betting against AMC this year have come in June. + +&#x200B; + +>The heavy toll shows how moves by individual investors, which are regularly co-ordinated on forums such as r/WallStreetBets, has heightened the risks for professional investors in the Wall Street equities market. + +&#x200B; + +>“In two waves, a few hedge funds have seen modestly sized short positions turn into extinction-level events,” said Andrew Beer, managing member at investment firm Dynamic Beta Investments. Funds that suffer multiple rounds of losses on short bets “will face difficult questions from investors as to whether their risk management failed to adapt to a changed market environment”. + +https://preview.redd.it/wzozk2aw5f771.png?width=1400&format=png&auto=webp&s=c73b9e22488452c5f0e56f2c35966b9b4bde6a97 + +>The highest-profile hedge fund casualty has been Melvin Capital, which lost 53 per cent in January and is still down 44.7 per cent this year to May. Light Street Capital, the fund led by ‘Tiger cub’ alumnus Glen Kacher, was also hit early this year and again in May, with losses in the first quarter predominantly driven by soured short bets. London-based White Square Capital, which lost money shorting GameStop, is also shutting its main fund. + +&#x200B; + +>An index compiled by Goldman Sachs of stocks favoured by retail investors has almost doubled since June 2020, while another that tracks companies that are targeted by short sellers has gained 28 per cent. + +&#x200B; + +>Traders across the industry, both those caught directly in abrupt rallies in heavily shorted stocks as well as those hit by the ensuing market volatility, have now been forced to start tracking potential retail investor manoeuvres, or risk huge losses and backlash from their investors. + +&#x200B; + +>“The danger is you don’t really know what stock the retail community is going to go after next,” said Amy Wu Silverman, equity derivatives strategist at Royal Bank of Canada. “There is not a stock that is ‘safe’.” + +&#x200B; + +>Wu Silverman had typically concentrated on advising institutional clients about their hedging strategies. Now hedge funds seek her help to identify the early warning signs of a retail-driven meme stock surge. + +&#x200B; + +>“It has completely upended our markets, and we have had to make really dramatic changes to how we model things and how we manage risk,” she said. Retail investors chasing volatility “has gotten to the point where you can’t ignore it”. + +&#x200B; + +>Losses inflicted by retail investors have proved a rude awakening to hedge funds, which had just enjoyed a banner year in 2020 making their biggest gains since the aftermath of the financial crisis, according to HFR. + +&#x200B; + +>Some funds are considering taking a greater number of smaller short positions to cut down on the potential losses a single stock can cause, say industry insiders. D1 Capital, whose founder Daniel Sundheim previously worked at Viking, is one fund that has been considering reducing the size of short bets this year, say people familiar with the strategy. Others are looking at betting against indices, rather than individual stocks. + +&#x200B; + +>Managers in the US and UK have begun using algorithms to scour forums such as r/WallStreetBets or other data sources to try to spot co-ordinated buying. While the practice is new to most western funds, this kind of surveillance is already common for many Asian managers, according to Patrick Ghali, managing partner at advisory firm Sussex Partners. + +&#x200B; + +>Tiger cub Lee Ainslie’s Maverick Capital wrote to investors in April that its quant team “now systematically monitors Wall Street Bets and other similar forums that cater to less experienced, retail investors”. Moez Kassam, chief investment officer at Anson Funds in Toronto, said his firm has been building algorithms to follow commentary and sentiment on Reddit, as well as using some bought from external companies. + +&#x200B; + +>Fintech company S3 now provides a company’s “short squeeze risk” score to Bloomberg terminal users, while alternative research provider Quiver Quantitative scrapes Reddit investment threads for ticker mentions and sentiment. + +&#x200B; + +>“You don’t want your book to be exposed to the whims of r/WallStreetBets,” said Quiver founder James Kardatzke. + +&#x200B; + +>Data group Sentifi, which buys data from the likes of Reddit and Twitter and uses it to score sentiment around stocks, said it detected a nearly 1,200 per cent rise in chatter around AMC between May 20 and June 1. The cinema chain’s shares had already started to rise by then, but then doubled on June 2. Sentifi said the number of customers using its platform had doubled over the past year. + +&#x200B; + +>Swiss investment firm Unigestion has also started looking at how it can deploy its machine reading and data techniques — which it already uses to spot changing sentiment — around meme stocks. + +&#x200B; + +>“It is an important, though short-term, risk factor” in markets, said Unigestion portfolio manager Salman Baig. “For us, any factor that can disrupt markets is of primary concern.” + +&#x200B; + +>Additional reporting by Miles Kruppa +> +>[laurence.fletcher@ft.com](mailto:laurence.fletcher@ft.com), [madison.darbyshire@ft.com](mailto:madison.darbyshire@ft.com) + +Edit: changed paragraph spacing to make it more mobile friendly +Hi UKPF, + +Do any of you have a Costco subscription and think it’s worth it? There is a Costco reasonably local to me and I qualify for membership but am unsure of how much use it actually is. + +From my perspective it seems like it’s a massive version of Lidl? But happy to stand corrected on that point. + +Did already try searching this sub for relevant info but the last similar thread was a bit out of date from 7 years ago). + +Thanks! +Hi All, + +Looking for some career advice, specifically for the Australian market. I find more specific sub-reddits can't give a good picture of the local job market. + +I currently work for an ASX 50 company as a corporate accountant. Looking to try upskill myself into Data Analytics as this seems to be the in thing lately and have been told there is a shortage of suitable candidates. + +Was looking at learning Python but unsure if I should self teach or do a formal course at uni. + +Anyone here in the industry and can comment best ways to get in? Also what is work life balance like? + +Thanks, +Donald Trump himself has signed an executive order to fork over taxpayer dollars and insist on Blockbuster Video producing the one and only cure for covid. In the same vein of Kodak producing generic drugs, the Trump plan is for both companies to work together to bring America back to greatness. Each Vaccine will come with 1 dosage, as well as a pack of popcorn and gummy bears. General manager at the last Blockerbuster video, [Chad](https://scontent-lga3-2.cdninstagram.com/v/t51.2885-15/e15/c0.29.612.612a/109258912_158730679078423_5308881617700111675_n.jpg?_nc_ht=scontent-lga3-2.cdninstagram.com&_nc_cat=107&_nc_ohc=OPwwCHzrpCkAX8T_24V&oh=a49dd54342e7415de8b7135d234e0611&oe=5F3CE020), will take the lead of development and has been entrusted with the entirety of the $250 billion contract. When asked about the his experience with drugs, [Chad](https://scontent-lga3-2.cdninstagram.com/v/t51.2885-15/e15/c0.29.612.612a/109258912_158730679078423_5308881617700111675_n.jpg?_nc_ht=scontent-lga3-2.cdninstagram.com&_nc_cat=107&_nc_ohc=OPwwCHzrpCkAX8T_24V&oh=a49dd54342e7415de8b7135d234e0611&oe=5F3CE020) was quoted: "More than you'll ever know..." +I'm currently a senior in high school and I'm interested in majoring in Finance. However, before I officially declare it as my major, I'd like to go in having some knowledge of it. I've heard great things about Khan Academy but it seems like their finance lessons are more for personal finance. For someone who's interested in corporate finance, do the lessons still useful? Are there other resources I should be using? + +Thanks in advance! +As the cryptocurrency market cap hovers above the $2 trillion mark, bitcoin - the world's largest and most popular cryptocurrency may touch the $100,000-mark by the end of this year with its current bull run. +I been noticing a very disturbing trend. It follows the pattern of “whole life savings on $WISH” gets thousands of up votes. Then the post of people making $100k on some dumb app like Robin Hood. + +I just have a feeling that there is something more. I think there are larger forces behind it. Some people with the means to move the price of a stock. And I think these people of means are fooling people into putting large amounts of money and manipulate the price to rob people. + +Am I crazy? +Last week my and my families return flight from Geneva to Gatwick with easyJet was cancelled due to ‘extraordinary circumstances’. I know that they do not have to pay compensation when this is the case, but put in a claim anyway to get them to justify why they would not pay and this is their justification: + +“Our assessment of your claim +To further explain what happened on the day; air traffic control restrictions at London Gatwick substantially regulated the air space due to capacity, which resulted in long delays to flights as aircraft waited for air space ‘slots’ to operate, sometimes for several hours. The delays continued throughout the day and knocked on to later flights. Ultimately and in the case of this flight, it pushed the operating crew out of their legal working hours. We do take reasonable measures to avoid delays and cancellations to our flights by having replacement crews and spare aircraft available in our network. In the circumstances, our standby crew had already been deployed onto other flights. We had no option but to cancel your flight.” + +From what I’ve read, easyJet not having replacement crews is not an acceptable reason to use the ‘extraordinary circumstances’ defence. + +What should I do now? I could write to the regulator, try using a no win no fee solicitors, or just leave it.’. +New study with over 20,000 people claims that investors expect over 8% annualized, with millennials [leading the pack in expectations](http://www.schroders.com/en/insights/global-investor-study/investors-expect-returns-of-10.2-with-millennials-hoping-for-more). Let that sink in.... + +Edit: to everyone claiming that average returns are 7% annualized and it's not crazy to assume that it will continue, please read the actual link. The study is asking people what they expect in the next **5 years**, not 20 years, not 40 years, not by the time they retire. There's a difference between expecting you'll make 8% over 20 years versus the next 5. +Guten Morgen to this global band of Apes! 👋🦍 + +Indications that a Loopring / GameStop announcement is nearing continue to pile up, but as yet there isn't any official announcement. Nevertheless, such a partnership can only mean bad things for the SHFs - GameStop using Loopring L2 technology means that a wide range of technologies are possible without enormous 'gas fees' or long transaction times. While it's not a great idea to speculate about the exact form of the tech, I am very eager to learn more about how they plan to revolutionize gaming and retail using such tech. + +Tuesday also had a bit of a FUD?/not-FUD? undertone. Apes have long known that buying shares is the surest way to board the MOASS rocket, and that many of the highly-speculative options contracts that Apes bought only ever served to put cash into the SHF coffers. We now know that shares + DRS are the best way to HODL shares, but u/criand opened a conversation on the impact that ITM / ATM options contracts *could* have on triggering the MOASS. + +For those of you who have never dealt in options, I highly recommend that you not start dabbling in options on GME. The contract prices are very high, and the stock is so heavily manipulated that it's difficult to predict any sort of safe investment. Criand raises a lot of good points about the impact that option leverage can have if the contracts are delta-hedged, but I think the point of his post is to try to dig up a better understanding of what kind of impact that leverage brings rather than to suggest that many Apes should start buying ITM/ATM calls to try to force a squeeze. Options have a very high risk of becoming worthless, and I hope that Apes don't lose moon tickets by making speculative option plays. Diamantenhänded Apes who HODL shares are the backbone of this movement. + +Today is Wednesday, November 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$207.98 / 182,95 €** *(volume: 446)* +- ⬜ 115 minutes in: $208.02 / 182,99 € *(volume: 443)* +- 🟩 110 minutes in: $208.02 / 182,99 € *(volume: 431)* +- 🟥 105 minutes in: $208.01 / 182,98 € *(volume: 431)* +- 🟥 100 minutes in: $208.02 / 182,99 € *(volume: 414)* +- 🟩 95 minutes in: $208.03 / 183,00 € *(volume: 414)* +- 🟥 90 minutes in: $208.02 / 182,99 € *(volume: 396)* +- 🟩 85 minutes in: $208.08 / 183,04 € *(volume: 388)* +- 🟥 80 minutes in: $208.02 / 182,99 € *(volume: 377)* +- 🟩 75 minutes in: $208.16 / 183,11 € *(volume: 366)* +- 🟩 70 minutes in: $208.12 / 183,07 € *(volume: 330)* +- 🟥 65 minutes in: $208.06 / 183,03 € *(volume: 330)* +- 🟩 60 minutes in: $208.15 / 183,10 € *(volume: 283)* +- 🟩 55 minutes in: $207.95 / 182,93 € *(volume: 282)* +- ⬜ 50 minutes in: $207.89 / 182,88 € *(volume: 246)* +- ⬜ 45 minutes in: $207.89 / 182,88 € *(volume: 242)* +- 🟥 40 minutes in: $207.89 / 182,88 € *(volume: 239)* +- 🟩 35 minutes in: $207.92 / 182,90 € *(volume: 230)* +- 🟩 30 minutes in: $207.89 / 182,88 € *(volume: 229)* +- 🟥 25 minutes in: $207.88 / 182,86 € *(volume: 221)* +- ⬜ 20 minutes in: $208.35 / 183,27 € *(volume: 122)* +- 🟥 15 minutes in: $208.35 / 183,27 € *(volume: 119)* +- 🟥 10 minutes in: $208.63 / 183,53 € *(volume: 97)* +- 🟩 5 minutes in: $208.66 / 183,55 € *(volume: 87)* +- 🟩 0 minutes in: $208.35 / 183,28 € *(volume: 82)* +- 🟥 US close price: $207.18 / 182,25 € *($207.50 / 182,53 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1368. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Look up Cisco. It was the AAPL of the 90s. + +Also, look up charts of BIG TECH like Intel Dell Lucent Yahoo. + +They NEVER got past the dotcom highs. + +Also, MSFT took 15 years to regain its peak from 2000 in 2016. + +&#x200B; + +EDIT: These were blue chip tech stocks not PETS or TGLO. dot com bubble pulled profitable tech stocks down with it. But, they did have inflated PE/s compared to today. So, next step for you, look up what "value trap" is. + + RemindMe! 1 year +Its ridiculous. I've never seen anything like it. At this rate it'll take over bitcoin. + +What is causing litecoin to relentlessly shoot up in price? I was shocked when it blasted to $200 on GDAX last friday, now its climbing even higher. I never thought I'd see it shoot past $200. What is causing this? +After the news from yesterday of insiders selling nearly $500M of their stock, Peloton has announced today that it will be halting bike production for the near future. + +Peloton is down nearly 20% intra-day due to this news. The stock is down 80% in the last 6 months. + +Ironically, it was the Peloton shareholders who were taken for a ride. + +From CNBC: + +>Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. +> +>Peloton plans to pause Bike production for two months, from February to March, the documents show. It already halted production of its more expensive Bike+ in December and will do so until June. It won’t manufacture its Tread treadmill machine for six weeks, beginning next month. And it doesn’t anticipate producing any Tread+ machines in fiscal 2022, according to the documents. Peloton had previously halted Tread+ production after a safety recall last year. +> +>The company said in a confidential presentation dated Jan. 10 that demand for its connected fitness equipment has faced a “significant reduction” around the world due to shoppers’ price sensitivity and amplified competitor activity. +This month, researchers at Goldman Sachs released “The housing downturn: A bigger deal down under and up north.” Through the end of 2023, the paper predicts a crash-like drop in home prices in New Zealand (–21%), Australia (–18%), and Canada (–13%). For comparison, the U.S. housing bubble saw home prices drop 27% between the 2006 peak and the 2012 bottom. - [from Yahoo Finance / Fortune](https://finance.yahoo.com/news/housing-crash-canada-australia-zealand-185910379.html) +I made a post similar to this when inflation was rising 6months ago. + +Now that we can agree that it’s more likely that this is not transitory, what impact will this have on the Australian economy? + +Currency? +potential interest rates when America raise rates? (its my understand that our banks borrow in USD) +Housing? +Unemployment? +QE? +Investments? + +Discuss +In this post, I would like to expand on the growing interest in staking by expanding on [Passive income post](https://www.reddit.com/r/CryptoCurrency/comments/lk2rtw/the_ultimate_guide_to_earning_passive_income_with/) by u/Weaver96 and [Beginner's staking guide](https://www.reddit.com/r/CryptoCurrency/comments/lrhrz6/what_is_staking_a_guide_for_beginners/) by u/GajarCroissant . Everything in this post is relevant for the year 2021. If you would like to read this in a PDF [click here](https://www.docdroid.net/bkNrDyP/ultimate-staking-guide-2021-pdf). + +I will present some best staking coins for 2021. So if you want to look into crypto staking in 2021. Look no further. + +## I decided to post PART 2 on a medium / blog to make it more beautiful and add community contributions from the comments. Thanks for a lot for good additions :) Sorry about not keeping this one up, work got very busy.And I wanna take it up a notch. + +Edit1: Corrected some things around based on feedback. Moved disclaimer about sources. Edit 2 will bring more projects + +**If you think that this list excludes an interesting project, please comment and list some sources. I will edit the post and add them in.** + +Table of contents: + +Staking and methodology + +1. TLDR: Summary Table of Projects (Profitability, Ease of staking) +2. Glossary +3. Why to stake in a Native wallet vs Third-party wallets vs Exchanges +4. Overview of projects and useful links +5. Sources and declaration of conflict of interest + +# 0. Staking and methodology + +Staking cryptocurrencies is something that may interest a lot of retail investors who do not wish to participate in active trading. Staking allows a coin holder to receive passive income through a reward or forging system. + +The number of coins or tokens that you have or the amount you are willing to stake will affect the quantity of staking rewards. It’s a bit like a savings account but with much greater freedom and a decent profit. + +Staking is in its essence basically a form of mining, that rewards the users of the blockchain network, because the users of the specific project chose who their Node operators and ultimately Staking providers are. These operators are called miners for coins like Bitcoin. However, staking uses fraction of electricity and computational power that bitcoin mining needs, while still keeping the network running. Poetry of blockchain engineers. + +I decided to make a comprehensive guide that will cover a glossary regarding staking and other blockchain terms. The main take-away should be a closer look at a list of projects that I will compare based on how profitable, prospective and user-friendly they are. + +The choice of projects featured includes popular, innovative and original projects. I have either direct experience with these projects or I have researched and tested them out. In my opinion, these projects are relatively low risk. + +I studied 40+ projects and eventually limited my choice to 9 blockchain networks. This journey was actually really interesting. + +Before starting it, I was staking in 2 projects and I thought the market was flooded with projects covering insane staking rewards and incredible possibilities. I went to the opposite end of what I know from my experience and researched ERC20 staking – realizing it is complex and risky. + +Therefore, I focused on user experience and risk mitigation. This led to a rabbit hole of discovering new and amazing projects. I slowly started to realize one very common denominator for the best staking projects. All of them are focused on creating technology for block-chain interoperability, deploying their own blockchains and parachaining. Each has its own unique take on how to solve this crucial factor for adoption (covered in Chapter 4). This reasoning is clearer when you understand the difference between Proof-of-work and Proof-of-stake. + +The foundation of the tech behind the projects should be a major point of interest when comparing these products over their profitability. One of the deciding factors was also the development activity behind these projects ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)). That is why extreme profit projects with 0 tech are not listed here. + +To make this guide a bit more interesting I had a couple of crypto beginners try out this selection of projects and noted their opinion in the evaluation part of this guide. + + + +Important notes: + +* Any project with less than 3% annual rewards is not included (eg. EOS, NEO, TRON, VET, LSK, XLM). +* As mentioned, sometimes there is a risk associated with staking (usually very high-profit types with 20% and more yearly interest). This means that any project that has a risk of losing the staked amount or significant rewards is also excluded. +* ERC20 tokens are also excluded as their staking is more complicated and riskier. DOT and KSM are exceptions because their slashing is negligible for users (not validators, however). +* Exchange staking is included briefly as it also carries a risk but that is mainly in the concept of not your keys, not your coins axiom. +* I decided not to include ETH 2.0 in this guide, because it means locking a large number of assets until it launches (so do your own research after you finish this guide). + +# 1. TLDR: Summary for Staking in Native Wallets + +I decided to start this post with a summary, because there would be a wall of text before the “good stuff”. I hope this summary will motivate you to read through the rest of the post and find the logic and reasoning behind it. I decided not to give any project an overall rank and listed them alphabetically (there is no best to last, that is for you to decide). Instead, I summarized key features, profitability and evaluated UIX (from crypto-beginners) and tech aspects (by studying whitepapers and roadmap completions). + +Some projects have grown in a way that staking was always available only in third-party wallet and since that is their native environment, they deserve a place here. + +Staking in native wallets will always be the most secure way to stake your coins. Never forget to back‑up your seed phrases. + +**If some terminology in this table is not clear – head down to the glossary in the next chapter. Every single evaluation category in the table is explained in project overview of Chapter 4.** + +Table 1: Native wallet - profitability + +|**Project**|Coin|Native Wallet|APY %|Lock-up period|Pay-out| +|:-|:-|:-|:-|:-|:-| +|Algorand|ALGO|Yes|6.5 %|None|Transaction claim| +|ARK EcoSystem|ARK|Yes|8-9.5 %|None|Daily| +|Avalanche|AVAX|Yes|9.2 %|14-365 days|After lock| +|Cardano|ADA|Yes\*|4-5 %|None|5 days| +|Cosmos|ATOM|3rd - party only|10.5 %|Variable\*\*|Claiming with fees| +|ICon|ICX|Yes|13 %\*\*\*|5-20 days|5-20 days| +|Kusama|KSM|Yes|14 %|7days|Claim (21 days expire)| +|Polkadot|DOT|Yes|9-12 %|28 days|Claim (84 days expire)| +|Tezos|XTZ|3rd - party only|5-6 %|None 20 days to confirm|3 days**** | + +\*ADA native wallets are developed by third-party but they are exclusive to ADA + +\*\* ATOM locking period depends on user but to switch delegation you have to wait 21 days. + +\*\* ICX interest changes a lot, can be from 6-30 %, overall is about 10–16 % + +\*\*\* Tezos requires to initially confirm assets for about 14-20 days. So PoS rewards kick in after time, then rewards pay out every 3 days. + +Table 2: Native wallet – features and evaluation + +|Coin|Consensus|Ease of staking|Tech|User experience| +|:-|:-|:-|:-|:-| +|ALGO|PPos\*|Easy|7/10|8/10| +|ARK|DPoS|Easy|10/10|10/10| +|AVAX|PoS|Moderate|8/10|8/10| +|ADA|PoS|Easy|10/10|10/10| +|ATOM|PoS|Moderate|10/10|8/10| +|ICX|DPoS|Easy|9/10|8/10| +|KSM|DPoS\*\*|Hard|9/10|4/10| +|DOT|DPoS\*\*|Hard|9/10|4/10| +|XTZ|PoS and DPoS|Easy|8/10|7/10| + +\*PPoS is a form of PoS where anyone on the network can decide what to do with blocks –achieving great decentralization level + +\*\*Dot’s and Kusama’s DPoS is called NPoS, but is just DPoS with possibility to punish bad delegates (slashing) + +# 2. Glossary + +Table 3: Essential blockchain terms + +|**Term**|**Explanation**| +|:-|:-| +|**Blockchain**|Immutable or permanent ledger (registry) maintained in multiple locations known as **nodes**.| +|**Node**|A software instance on a Blockchain network responsible for participating in consensus, maintaining the ledger, servicing or relaying transactions, or all of the above. A node is the most basic unit and critical part of a blockchain infrastructure.| +|**Node operator**|Person or group of people responsible for maintaining a node. A network refers to all nodes in the operation of a blockchain at any given moment in time.| +|**Network**|Collection of nodes that communicate with one another to form a system.| +|**Transaction**|An exchange of data or value between Blockchain addresses or networks.| +|**Consensus**|General agreement between node operators on the state of the Blockchain and/or ledger. In decentralized systems, which are composed of a multitude of node operators the decisions are made collectively.Consensus is needed to provide the state of the network.| +|**Finality**|Property of a Blockchain network that determines how well the consensus mechanism can render new blocks immutable (permanent)| +|**Consensus mechanism**|Method by which consensus is reached, which can vary drastically based on the protocol. Examples include Proof-of-Work, Proof-of-Stake, and Delegated Proof-of-Stake.| +|**Proof-of-work**|Prime example where this mechanism is used is Bitcoin network. Where miners race to solve complex mathematical problems, adding new blocks and generating new coins to validate transactions. Miners consume large quantities of electricity to do this.| + +Table 4: Staking Glossary + +|**Term**|**Explanation**| +|:-|:-| +|**APY %**|Annual percentage yield| +|**Ease of staking**|A metric considering the difficulty of set up to earn rewards via staking. Either explaining how hard is it to get your assets to start staking, how much is the minimum amount of tokens for staking and how much attention you have to bring staking.| +|Easy:|Very fast setup, No fees and extremely small minimum stake, none or small lock period, fast payouts and very occasional attention to status.| +|Moderate:|More hassle when setting up staking account, minimum stake required, lock up periods, payouts take longer or require unbonding, can require claiming rewards.| +|Hard:|Abysmal user experience, high entry point, long lock-up periods, payouts after lock-up periods, payouts with long unbounding or claiming, expiration of rewards.| +|**Native wallet**|Wallet developed by the team behind the blockchain project. First functionality of it is built exclusively around the native token. Provides highest amount of security for staking. Many native wallets are expanding beyond and depending on project development allow holding new assets through interoperability, testnet tokens or even top crypto coins.| +|**Third party wallet**|Well known multi-asset wallets like Exodus or Atomic wallet that started to allow staking within their interface.| +|**Exchange staking**|Locked staking on an exchange, there is some risk but can be profitable.| +|**POS**|Consensus mechanism where all coin holders enter a lottery to add new blocks and receive new coins, weighted by the holdings within each address. Consumes far less electricity than PoW.| +|**DPOS**|Consensus mechanism where Staking providers are voted in by coin holders are reponsible for maintaining the ledger, adding blocks, and generating new coins. Since DPoS is a form of democratic governance. The Staking providers share their proposals of how they will share rewards and help the network.| +|**Staking pool**|Pooling funds together with other investors for staking is similar to the concept of pooling hashing power in mining pools.| +|**Staking provider**|Ensures consensus on the network for providing staking rewardsGeneralized name for the terms: Delegate, Delegation services, Delegator, Generator, Producer, Baker, ValidatorSome networks can utilize 2 or more of these specific examples to differentiate roles if needed.| +|**Staking hierarchy**|You are a Voter – You vote for Staking pool or Staking provider – Staking pool or provider are Node operators (validators) that confirm transactions on the blockchain network and that share the rewards with Voters| +|**UIX / UX**|User interface experience, User Experience| +|**Stake**|The number of coins or token that **participate** in staking.| +|**Vote / Voting**|Transaction type that assigns your tokens to a Staking Provider and determines your Vote Weight. Most common cases. A small fee transaction to choose Staking provider that assumes all assets on the address you vote from as voting power (Flexible) OR Requires committing assets as Stake voting (Not Flexible)| +|**Flexible Stake / Flexible Balance**|You only have to vote from your address to stake pool or a delegate and all assets on your address are assumed to participate in the voted pool. You can move your tokens anytime and proof-of-stake is calculated from minutes to hours.| +|**Stake Voting / Stake Lock / Staked Balance**|Where one token represents one vote in the network. The total number of coins that have used the voting right to indicate preference for a Staking Provider. A vote where you commit an amount of tokens through a transaction to your staking pool (Quite often requires locking, bounding)| +|**Vote Power / Vote Weight** |Quantifiable amount of influence that a voter could assign to Staking Provider. Determines your staking reward among other network-specific things based on the project you are supporting. In Flexible Stake it is usually all the assets you have on your address. In Staked Lock you usually chose how much vote power you have specifically.| +|**Slashing**|A form of punishment for delegated in DPoS that are not working properly and are trying to game the system.| + +# 3. Native wallet vs 3rd-party wallet vs Exchange staking + +Native wallet summary was already included above in Chapter 1 and is the safest form of staking where you own your private keys. I advise to always make good research on how native wallet staking is available for the projects you research. + +Third party wallet staking is a good option if you find a reputable wallet. The choice of third party wallets are included in Chapter 4 project overview. In general: Exodus, Atomic, Huobi, Guarda + +Table 5: + +|**Project**|**Coin**|**3rd party wallet**|**APY %**|**Lock-up period**|**Pay-out**| +|:-|:-|:-|:-|:-|:-| +|**Cardano**|ADA|Yes\*|4 %|Yes and no|5 days| +|**Algorand**|ALGO|Yes|6.2 %|Yes|After| +|**ARK EcoSystem**|ARK|No|\-|\-|\-| +|**Cosmos**|ATOM|Yes|10 %|Yes|Claiming with fees| +|**Avalanche**|AVAX|No|\-|\-|\-| +|**Kusama**|KSM|No|\-|\-|\-| +|**Polkadot**|DOT|Yes|8 %|Yes|After| +|**Icon**|ICX|Yes|10 %|Yes|After| +|**Tezos**|XTZ|Yes|5.4 %|None|3 days| + +\*More wallets beyond Daedalus and IOHK + +&#x200B; + +Exchange staking can be useful for some, but dreadful for others. Never forget, not your keys not your coins. + +Table 6: + +|**Project**|**Coin**|**Exchange staking**| +|:-|:-|:-| +|**Cardano**|ADA|Yes| +|**Algorand**|ALGO|Yes| +|**ARK EcoSystem**|ARK|Yes| +|**Cosmos**|ATOM|Yes| +|**Avalanche**|AVAX|Yes| +|**Kusama**|KSM|Yes| +|**Polkadot**|DOT|Yes| +|**Icon**|ICX|Yes| +|**Tezos**|XTZ|Yes| +|Exchange specifics:|\-|\-| +|**APY %**|Changes quite often on every exchange. Always check the current rate.|Can be sold out and therefore not available.| +|**Lock up period**|Always happens on exchanges.|Typically: 14 days 30 days 60 days 90 days| +|**Pay-out**|After unbonding|| + +# 4. Project overview and useful links + +## Algorand (ALGO): + +Algorand is a decent staking project considering profitability and ease of stake. It is so easy that all you have to do is move your Algo to their wallet and you are staking. There is no lock-up period for receiving rewards. They are calculated to your address in a pending form just by being part of the network. To claim them however one needs to send or receive a transaction (even if it is a 0 Algo message over blockchain). Their main goal is to work with banking institutions. + +Website: [https://www.algorand.com/](https://www.algorand.com/) + +Reddit: [https://www.reddit.com/r/algorand/](https://www.reddit.com/r/algorand/) + +How to stake: + +[https://coinlist.co/stake/algorand](https://coinlist.co/stake/algorand) + +[https://www.algorand.com/resources/blog/rewards-technical-overview](https://www.algorand.com/resources/blog/rewards-technical-overview) + +Tech: [https://www.algorand.com/resources/white-papers](https://www.algorand.com/resources/white-papers) + +Upcoming tech: [https://messari.io/asset/algorand/profile](https://messari.io/asset/algorand/profile) + +## ARK Ecosystem (ARK): + +Very nice profitability and extremely easy to stake in native wallet. Requires only to download their easy-to-use native ARK wallet and vote for a Staking Provider (delegate). The wallet has downloadable plugin for rewards calculation to help chose a delegate based on your voting power. + +Ark staking is risk-free. Your assets are never committed or locked and rewards are calculated and paid out daily. So you can see your balance rising everyday and the daily rewards are calculated towards your new staking reward the next day. + +ARK has been one of the pioneers in blockchain interoperability solutions since 2017. The team behind ARK has been delivering everything on their yearly roadmaps and has some amazing products lined up for Q1 of 2021. They are very active in development ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)) + +Website: [https://Ark.io](https://ark.io/) + +Reddit: [https://www.reddit.com/r/ArkEcosystem/](https://www.reddit.com/r/ArkEcosystem/) + +How to stake: + +[https://ark.dev/docs/desktop-wallet/user-guides/installation](https://ark.dev/docs/desktop-wallet/user-guides/installation) + +[https://ark.dev/docs/desktop-wallet/user-guides/how-to-vote-unvote](https://ark.dev/docs/desktop-wallet/user-guides/how-to-vote-unvote) + +[https://arkdelegates.live/delegates](https://arkdelegates.live/delegates) \- for DPoS proposals + +[https://ark.dev/docs/desktop-wallet/introduction-to-ark-rewards](https://ark.dev/docs/desktop-wallet/introduction-to-ark-rewards) + +Tech: + +[https://ark.dev/](https://ark.dev/) + +[https://ark.io/Whitepaper.pdf](https://ark.io/Whitepaper.pdf) + +Upcoming tech: [https://ark.io/roadmap](https://ark.io/roadmap) + +## Avalanche (AVAX): + +Fairly new project that had main-net launch in Q4 of 2020. As usual around main-net launches the price rocketed and is now consolidating. The staking rewards are decent for AVAX, however, setting up staking accounts is a bit more tricky for beginners. There is a variable lock-up period that the user can freely choose from and rewards are received after this period. They have yet to prove what they promised in whitepapers, but the ambitions are interesting. + +Their main net is pretty interesting though: [https://www.avalabs.org/why-avalanche](https://www.avalabs.org/why-avalanche) + +Website: [https://www.avalabs.org/](https://www.avalabs.org/) + +Reddit: [https://www.reddit.com/r/Avax/](https://www.reddit.com/r/Avax/) + +How to stake: + +[https://medium.com/avalancheavax/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet-f4d9adc182a6](https://medium.com/avalancheavax/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet-f4d9adc182a6) + +[https://docs.avax.network/learn/platform-overview/staking](https://docs.avax.network/learn/platform-overview/staking) + +[https://docs.avax.network/build/tutorials/nodes-and-staking/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet](https://docs.avax.network/build/tutorials/nodes-and-staking/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet) + +Upcoming tech: + +[https://www.avalabs.org/whitepapers](https://www.avalabs.org/whitepapers) + +## Cardano (ADA): + +Also a project from 2017 that probably will have the biggest recognition on this list. They never failed to deliver what they promised and should be considered one of the most solid projects in this list. + +Their might have one of the lesser staking profitability on this list but they make up for it with the great ease of staking. Rewards are paid out automatically every 20 days and the assets of the addresses are never locked. Calculations are done daily so it considers your transaction history during the 20 days. Therefore it is risk free. Their “native” wallets Daedalus and Yoroi are easy-to-use. + +Some great news are coming from Cardano in the upcoming months so be sure to have them on your watch list. They recently hard-forked to allow more interoperability with chained tokens. They are also very active in development ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)). They are a Top 3 crypto project for a reason. + +Website: [https://cardano.org/](https://cardano.org/) + +Reddit: + +How to stake: + +[https://www.youtube.com/watch?v=OUZKSS\_cJIE&ab\_channel=IOHK](https://www.youtube.com/watch?v=OUZKSS_cJIE&ab_channel=IOHK) + +[https://www.youtube.com/watch?v=DCMX1wFgrJY&ab\_channel=IOHK](https://www.youtube.com/watch?v=DCMX1wFgrJY&ab_channel=IOHK) + +[https://medium.com/cardanorss/staking-for-beginners-a-step-by-step-guide-6dda110b2454](https://medium.com/cardanorss/staking-for-beginners-a-step-by-step-guide-6dda110b2454) + +Tech: + +[https://cardano.org/discover-cardano](https://cardano.org/discover-cardano) + +[https://why.cardano.org/](https://why.cardano.org/) + +Upcoming tech: [https://roadmap.cardano.org/en/](https://roadmap.cardano.org/en/) + +## Cosmos (ATOM): + +Cosmos has generous profitability and decent ease of staking. The coin can be staked in many wallets due to integration of their SDK in them in order to vote for Staking Pools. The only tricky part is the fact that you have to claim your rewards with a fee to the network. + +Cosmos launched in Q1 of 2019 and they just recently finished their first whitepaper and launched their new road map of Stargate. This proves that they can deliver what they promise. They are also very active in development ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)) + +Website: [https://cosmos.network/](https://cosmos.network/) + +Reddit: [https://www.reddit.com/r/cardano/](https://www.reddit.com/r/cardano/) + +How to stake (3rd-party tutorials): + +[https://blog.chorus.one/top-cosmos-wallets/](https://blog.chorus.one/top-cosmos-wallets/) + +[https://medium.com/everstake/how-to-stake-cosmos-atom-via-the-cosmostation-mobile-wallet-1feeff03b6b3](https://medium.com/everstake/how-to-stake-cosmos-atom-via-the-cosmostation-mobile-wallet-1feeff03b6b3) + +[https://atomicwallet.io/cosmos-atom-staking](https://atomicwallet.io/cosmos-atom-staking) + +[https://support.exodus.com/article/1403-cosmos-staking-faq#:\~:text=First%2C%20open%20your%20Cosmos%20wallet,on%20the%20button%20Stake%20Cosmos.](https://support.exodus.com/article/1403-cosmos-staking-faq#:~:text=First%2C%20open%20your%20Cosmos%20wallet,on%20the%20button%20Stake%20Cosmos.) + +Tech: + +[https://cosmos.network/cosmos-whitepaper.pdf](https://cosmos.network/cosmos-whitepaper.pdf) + +[https://www.coindesk.com/cosmos-upgrades-to-stargate-another-2017-ico-very-nearly-completes-its-vision](https://www.coindesk.com/cosmos-upgrades-to-stargate-another-2017-ico-very-nearly-completes-its-vision) + +Upcoming Tech: [https://stargate.cosmos.network/](https://stargate.cosmos.network/) + +## Icon (ICX) + +This Korean based blockchain that started of as an ERC20 has very genours profitability and moderate ease of stake. They are deeply embedded in Korean strategic partnerships and seem to be delivering on their roadmap. + +They separated from ERC20 base to their on blockchain during 2018. They are now one of the most profitable staking projects. + +Website: [https://icon.foundation/?lang=en](https://icon.foundation/?lang=en) + +Reddit: + +How to stake: + +[https://medium.com/everstake/detailed-guide-to-icon-icx-staking-and-voting-how-things-do-exactly-work-d650e75f5ab9](https://medium.com/everstake/detailed-guide-to-icon-icx-staking-and-voting-how-things-do-exactly-work-d650e75f5ab9) + +[https://stakedtech.medium.com/icon-icx-a-complete-guide-for-staking-on-icon-network-using-ledger-nano-aa1f45257133](https://stakedtech.medium.com/icon-icx-a-complete-guide-for-staking-on-icon-network-using-ledger-nano-aa1f45257133) + +Tech: [https://icon.foundation/resources/whitepaper/ICON\_Whitepaper\_EN.pdf](https://icon.foundation/resources/whitepaper/ICON_Whitepaper_EN.pdf) + +Upcoming tech: [https://medium.com/helloiconworld/icon-development-roadmap-update-february-2021-3b5897957094](https://medium.com/helloiconworld/icon-development-roadmap-update-february-2021-3b5897957094) + +## Kusama and Polkadot (KSM and DOT) + +Kusama is a canary network of polkadot and works on the same principles so I put these together. Both have one of the most profitable stake value in their native wallets and exchange staking. However, the ease of staking in their native wallets is pretty hard for beginners. This coupled with lock up periods and claiming rewards and their possible expiration does not create a good user experience. One could compare that the profitability makes up for that but having it on your mind all the time is a negative experience. + +However, they are backed by huge VC and have very ambitious tech lined up. They have yet to prove what they are capable of. + +Website: [https://kusama.network/](https://kusama.network/) + +[https://polkadot.network/](https://polkadot.network/) + +Reddit: + +[https://www.reddit.com/r/Kusama/](https://www.reddit.com/r/Kusama/) + +[https://www.reddit.com/r/dot/](https://www.reddit.com/r/dot/) + +How to stake: + +[https://medium.com/stakin/how-to-stake-kusama-ksm-4529a48bb4e8](https://medium.com/stakin/how-to-stake-kusama-ksm-4529a48bb4e8) + +[https://support.polkadot.network/support/solutions/articles/65000168057-how-do-i-stake-nominate-on-polkadot-](https://support.polkadot.network/support/solutions/articles/65000168057-how-do-i-stake-nominate-on-polkadot-) + +Tech: [https://whitepaper.io/document/596/polkadot-whitepaper](https://whitepaper.io/document/596/polkadot-whitepaper) + +## Tezos (XTZ) + +Tezos has an acceptable profitability and moderate ease of staking. There are is an confirmation period of 14-20 days where you commit your adress to a baker and when your assets are confirmed by the network the pay outs roll in every 3 days. You are free to use them and get pay outs very regularly. They are a liquid network so you will have to vote for Staking providers. + +You vote simply by delegating funds to a baker they agree with while bakers(validators) actually cast a vote during the on chain governance process. + +Tezos uses a variation of a Proof-of-Stake system that differs slightly from established models in that block producers are not selected by token holders and anyone can participate as a baker (validator) if they hold a specified amount of tokens. Token holders that do not meet the minimum threshold can delegate their tokens to a baker without needing to relinquish control of their tokens. + +Website: [https://tezos.com/](https://tezos.com/) + +Reddit: [https://www.reddit.com/r/tezos/](https://www.reddit.com/r/tezos/) + +How to stake (3rd party only): + +[https://baking-bad.org/docs/tezos-staking-for-beginners/](https://baking-bad.org/docs/tezos-staking-for-beginners/) + +[https://support.exodus.com/article/1300-tezos-staking-faq](https://support.exodus.com/article/1300-tezos-staking-faq) + +[https://atomicwallet.io/tezos-staking](https://atomicwallet.io/tezos-staking) + +Tech: [https://tezos.com/static/white\_paper-2dc8c02267a8fb86bd67a108199441bf.pdf](https://tezos.com/static/white_paper-2dc8c02267a8fb86bd67a108199441bf.pdf) + +[https://tezos.com/static/position\_paper-841a0a56b573afb28da16f6650152fb4.pdf](https://tezos.com/static/position_paper-841a0a56b573afb28da16f6650152fb4.pdf) + +Upcoming tech: [https://messari.io/asset/tezos/profile](https://messari.io/asset/tezos/profile) + +&#x200B; + +# 5. Sources and conflict of interest + +**Sources** + +[**https://coinmarketcap.com/alexandria/glossary**](https://coinmarketcap.com/alexandria/glossary) + +[**https://ark.dev/docs/glossary/glossary**](https://ark.dev/docs/glossary/glossary) + +[**https://www.stakingrewards.com/**](https://www.stakingrewards.com/) + +[**https://cointostake.com**](https://cointostake.com/) + +[**https://coinmarketexpert.com/**](https://coinmarketexpert.com/) + +**Subreddits of these projects** + +**Websites and whitepapers of every project** + +**Conflict of interest** + +I am an active member of communities in following projects: ARK, ADA, DOT, ATOM. + +I stake these coins: ARK (last 2.5 years), ICX (recently) + +I own some Polkadot but do not stake it. +I'm 25 years old this year and live in a currently very desirable area with a lot of growth. Mom and Dad are looking to get out of the area because of all the newfound crowds and wanted to give me a leg up - current property value is something around $250,000 but their remaining loan is ~ $130,000. We had talked about me taking out a loan for the remaining amount (I have decent credit and have pre-approved for that amount myself when looking for homes on my own, rent is so insane around here buying a house is almost the same monthly but the initial amount is just too much for me on my own at this point). We were planning on doing this next year when my savings would be at about $22,000-$25,000 so I could have a decent down payment while not draining savings. + +Anyhoo, then we all figure out capital gains tax is a thing. We're pretty sure gift tax wouldn't hit us on this deal, but if capital gains is asking for any more money, neither one of our parties can really afford that. How much is that tax exactly? When must it be paid? What other financial surprises might be in store with this deal? Does that make this deal just not worth it? I've already made it clear to my folks my heart will go on if so, but I was excited about getting an impossibly good deal in a real estate market that will only become more competitive as I waste money on insane rent. + +Edit: Looks like people are in agreement that capital gains tax at least would not impact either of us until I possibly sold the property for over 250,000 (or 500,000 if I got married later in life). Just need to fill out a gift form for the ol IRS. That's great! Thanks for your help everybody. +**Real quick**: I'd like to imagine I had a decent understanding of finance before I joined the GME saga; basic stock fundamentals, interest rates, balancing accounts, blah blah blah. And I'd like to think I'm a fairly intelligent individual; I somehow managed to earn a degree in mechanical engineering from a University of California. But I'm still just a smooth brained ape...🦧 + +**BUT** the amount of knowledge and comprehension I've gained the last three months from reading DD and doing my own fact checking is ***insane***. And I'm sure many of you are in similar positions (no pun intended).🍌 + +***BUT BUT***, I have also now realized how fricking **CONVOLUTED** this shit is, and how it's in their best interest (Wall Street's) to keep it that way. i.e. This hedge fund has a stake in this other hedge fund, who is in turn connected to some *other* fund, but to dig up their data means sifting through all this *other* data. But is that data even current??? Idk! So let's go to a dozen other sites just to even *try* to confirm it. Rinse, repeat, idk, it just seems ridiculous. + +So a big shout out to all of the major DD contributors here! Won't bother tagging them cause they have more important stuff to look at. + +Not financial nor sexual advise, yadda yadda. I fucking love the stock. Do your own research. I'll see you in space. 🚀🚀🚀 +Guten Tag to this global band of Apes! 👋🦍 + +As we enter the final day of another week in the GME saga, I want to take a moment to share my appreciation for all of the Apes who have taken the time to research DRS, and especially those who have taken the additional step of contacting their broker and sending some portion of their holdings to ComputerShare. + +For quite a while after The Sneeze in January, all the focus was on building an understanding of the mechanisms by which the SHFs were able to control the price, and understanding the connections to movement of the stock. We researched new rules, rallied to vote our shares, bought the dips, and stopped day-trading and option plays. However, I personally didn't start to feel like Apes had direct control until we started seeing the purple rings. + +Every share that is transferred to ComputerShare is a real, non-phantom original. It can no longer be rehypothecated into dozens of phantom shares. Its removal from the DTCC vaults increases the ratio of phantom shares for each real share that remains. As we approach the point where the float is held in ComputerShare, that ratio will go parabolic - each and every share removed will represent hundreds or thousands of phantoms. + +I cannot wait to see what happens then. + +Today is Friday, November 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$202.17 / 176,41 €** *(volume: 1360)* +- 🟩 115 minutes in: $201.98 / 176,25 € *(volume: 1359)* +- 🟥 110 minutes in: $201.94 / 176,21 € *(volume: 1356)* +- 🟥 105 minutes in: $202.01 / 176,28 € *(volume: 1355)* +- 🟩 100 minutes in: $202.03 / 176,29 € *(volume: 1305)* +- 🟥 95 minutes in: $202.00 / 176,26 € *(volume: 1304)* +- 🟥 90 minutes in: $202.10 / 176,35 € *(volume: 1293)* +- 🟩 85 minutes in: $202.14 / 176,39 € *(volume: 1293)* +- 🟥 80 minutes in: $202.03 / 176,29 € *(volume: 1288)* +- 🟥 75 minutes in: $202.08 / 176,34 € *(volume: 1288)* +- 🟩 70 minutes in: $202.10 / 176,35 € *(volume: 1250)* +- 🟥 65 minutes in: $201.62 / 175,94 € *(volume: 1170)* +- 🟩 60 minutes in: $202.76 / 176,93 € *(volume: 433)* +- 🟥 55 minutes in: $202.70 / 176,88 € *(volume: 404)* +- 🟥 50 minutes in: $202.76 / 176,93 € *(volume: 402)* +- 🟥 45 minutes in: $202.87 / 177,03 € *(volume: 381)* +- 🟥 40 minutes in: $202.93 / 177,07 € *(volume: 379)* +- 🟥 35 minutes in: $202.96 / 177,10 € *(volume: 363)* +- ⬜ 30 minutes in: $203.00 / 177,14 € *(volume: 362)* +- ⬜ 25 minutes in: $203.00 / 177,14 € *(volume: 357)* +- 🟩 20 minutes in: $203.00 / 177,14 € *(volume: 352)* +- 🟩 15 minutes in: $202.96 / 177,10 € *(volume: 352)* +- 🟥 10 minutes in: $202.87 / 177,03 € *(volume: 252)* +- 🟥 5 minutes in: $203.09 / 177,21 € *(volume: 217)* +- 🟥 0 minutes in: $203.59 / 177,65 € *(volume: 112)* +- 🟥 US close price: $204.32 / 178,29 € *($204.55 / 178,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.146. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I would like to start a discussion, because i cannot find an explanation. + +According to [https://gme.crazyawesomecompany.com/](https://gme.crazyawesomecompany.com/) + +FTD's on 5th of aug was 1.3mil + +The day after, 6th of aug, the FTD's dropped to 300k + +Meaning they delivered 1mil shares on the 6th of aug right? So they had to buy them that day and deliver. + +However.... volume on the 6th was 1,3mil, and the price dropped 3 dollars. I find it very extremely, exceedingly, immensly, unlikely that they located 1mil shares on that day. + +This doesn't make any sense to me. Has there been any DD on this particular event yet? + +&#x200B; + +Sidenote for those who were unaware. FTD's are cumulative. + + [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) +"Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails." +Apes, this was a comment but I think it needs more visibility. Some will say, no MOASS can be caused by this or that or the other...but I guarantee your ass that if we do this, MOASS is definitive..... + +If GS shows positive cash flow, MOASS is on and in an immediate fashion. If it doesn't, it will continue to be an uphill battle until it does. If it doesn't show profit within the next two quarters, there will be a great deal of doubt by institutional owners and sell offs. Now, that could be a good thing over time as retail will probably snap up those shares but it doesn't solve the issue. GS needs to sell more shit and have more income PERIOD. + +Apes, we are right to buy and hold stonks. We believe in this play but the play only works if the balance sheet turns around and the P&L turns positive with substantial projected growth. The day that happens, buckle the fuck up. + +So spend your money with GS. Get your friends and family to spend their money with GS. Put GS on social media on STEROIDS everyfukingwhere. Don't keep silent with your investment. Scream at the top of your fucking lungs that GS is the greatest retailer in the universe and that everyone should buy everything they can think of there. + +RC needs to expand the product line and sell more shit .....give him suggestions and get more exposure to this company. + +THIS IS HOW WE WIN....not by talking about nothing but the mystical MOASS. Let's make this company EXPLODE with sales!!! Remember, WE control the narrative. WE ARE THE CUSTOMER. + +Not financial advice + +Peace +30 years old living in New Hampshire. Will probably spend another 10 years here taking care of my grandparents. From competing with cash offers, waived inspections, cash payments on differences in appraisals, BEYOND asking offers..... WE ARE DISCOURAGED. + +Every offer we have made has been strong over asking, good down payment, but WAIVED INSPECTION! Won't do it with young kids... + +Fears of buying: market tanks, we're stuck in an overpriced home + +Fears of waiting: prices keep going up, we're throwing rent money in a hole + +Private sale possibilities: my grandparents house when they pass (pre-discussed), the 3 unit multifamily we are currently residing in (landlords 95 year old mother is not ready to sell yet - i think the family might sell after). + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Current rent: $1,300 for 1,400 sq. ft 3 bedroom 1.5 bath. + +Average rent in the area for this: $1,600++ + +Median price of home this size: $290k ++ + +\-10% down = $1,870 monthly \*includes mortgage, PMI, insurance, taxes\* + +\-20% down = $1,610 monthly \*includes mortgage, insurance, taxes\* + +Excellent credit so 3.11% 30 year rate. + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Advice needed. Should we be content renting? Continuing to save for maybe a 15 year mortgage? I feel like we're throwing money in a hole... +https://imgur.com/a/qi1ZkCw + +I received an email about a purchase / invoice on the official PayPal email. I was nervous, I hadn't done this. + +I scroll down a bit, all the links go to PayPal, and one even takes you to the page of receiving suspicious invoice links. I'm sold, I go to the bottom of the page and called the number, after a bit of a wait someone picked up. He said in order to cancel the purchase I need to go to the PayPal website and generate a pin and give it to him. I thought to myself that's weird, why would he ask that. Then I'm a little suspicious and put the number into Google, nothing. No mention of PayPal. + +I inspect the email a little closer, and notice the number is a note from the scammer himself. Pretending it to be from PayPal. + +I'm eternally weary of scams, suspicious of all calls, and almost fell for one today. PayPal needs to look into this immediately and not allow customer messages to put phone numbers or emails. +It doesn't really seems to make sense for me. The end is still nowhere in sight, US has JUST started suffering the big consequences, there's no vaccine or cure in place and we even don't understand the virus,, infections keep rising, asia is entering a second wave, lots of companies are still on lockdown generating a loss... + +&#x200B; + +So what's driving this? Just people being over optimistic? Funds believing we have touched bottom and buying on the sale? I would have expected the volatility to keep going on for a few more months (and maybe it's still there if the market goes down again this week) +And I did it early. +My goal was April. My hard fucking work paid off. My body hurts. My arms and hands are numb, but I fucking did it. A breathe of fresh air. Time to stack my SAVINGS AND RETIREMENT next. + +Thank you all for your hard work and incredible posts. +https://preview.redd.it/dlpwenotxrg51.png?width=1826&format=png&auto=webp&s=fb6ed3e4d69a88ce068eabdd8d0271709ac68702 + +I just made my day in less than 13 min. +I've been trading for a few months and I'm about even. I did some hardcore analysis tonight and thought maybe someone would benefit from what I'm finding. I've been buying and holding on to stocks just long enough to not get tagged as a 'pattern day trader' and from what I'm seeing, it's a miracle I am even at this point. I have been buying and selling based on essentially p/e ratio, Williams %R, and Relative Strength Index using a daily dump of market data I get from [profitspi.com](https://profitspi.com). + + +Tonight I started comparing today's winners and losers against yesterdays indicators going back several weeks and found out at least for the length of time I am holding stocks, the indicators I am using, evaluated by themselves, just as numbers are completely useless. I am not seeing any correlation with a good number on an indicator today and a winner or loser tomorrow. Many of them are essentially perfectly correlated with price, meaning if I am seeing a positive sign in an indicator like WMR less than -70 or RSI less than 30, it is immediately factored into price and it's too late to profit off of it. + + +What I did find is this, if I want to find predictive indicators, I need to be looking at 30 day charts for trends and specifically when a handful of values intersect with base lines. namely, 3 day RSI intersecting with 14 day on an upward trajectory, same with WMR, same with 9 day simple moving average and 22 day SMA, Aroon Up surpassing Aroon Down and MACD 12 day passing 26 day or EMA signals, ADX when +DI converges upward past -DI. One indicator I never heard of does seem to spike sometimes before price does and thats a 10 day 'Fisher Transform' + + +I'm also learning much of the stock advice 'news' is misleading or flat out wrong. If it's good advice, by the time you read it, it's already too late to profit off of it. Follow the pros and the insiders, not the herd. For example, facebook looks like a great buy until you look at all of the SEC insider trade filings and see that just about all of the facebook executives are dumping shares. [https://fintel.io/n/us/fb](https://fintel.io/n/us/fb) I think unless you are willing to really dig and do your own research you are better off just parking your money in a fund and leaving it there. + + +Just my two cents. Good luck and happy trading. I'd love to hear other thoughts on this. +*Edit: Please understand this post is supposed to be ironic. The point of it is to show that the platitude of "no one can beat the market" is completely wrong, but not in a way that offers a useful portfolio allocation in itself. It is just an exposition of a counter-example in which beating the market is fairly likely. But this counter-example is not necessarily a good / bad thing to do. It is pretty much equivalent to the market itself.* + +I've heard it time and time again. It is very hard to outperform the index, or even worse, "no one has outperformed the index" even though there are numerous examples where this is false. + +So I have for you a way to outperform an index, let's say the SP500, with a 78% chance. + +How does it work? Well, a google search provides that: "according to S&P Dow Jones Indices, only **22%** of the stocks in the S&P 500 outperformed the index itself from 2000 to 2020". + +So how to fail? Pick 1 stock out of the SP500 and make that your portfolio. This will not have a high success rate as you are 22% likely to win. This also shows why concentrated investors will not have a good chance of outperformance. + +However, what will win? Do the opposite approach. Create your own SP499 (of course weighted appropriately). What do I mean? + +Start with SP500 weighted accordingly. Pick 1 stock to exclude from the SP500. With this cash from the 1 stock sale, allocate the extra cash to your portfolio according to its current stock weights. Basically you will beat the SP500 if your excluded stock fails to beat the SP500. + +**Congrats, now in the future, 78% of you will be able to say that "I beat the index".** + +&#x200B; + +I know this sort of proves the ol' "hard to beat the index" adage as most investors tend to be concentrated. + +Also you would only beat the index marginally whereas the handfuls that beat the index by being concentrated would most likely crush the index. So pros and cons. We can go further down the academic rabbit hole that implies diversification but who cares... + +As for that I would say: + +I do think beating the index can be skill based rather than luck based. I don't think I have seen a good counter argument to Warren Buffett's letter, "The Superinvestors of Graham-and-Doddsville": [https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors](https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors) + +I do also agree with Warren that it is especially hard to beat the index when excessive fees are charged. + +EDIT: This isn't a recommendation! I'm not saying this is necessarily smart! Unless you make a side bet with someone who thinks you can't beat an index. + +TL;DR: Don't read. Nothing worthwhile. Just some thoughts. +Hello fellow redditors! + +I'm based in an EU country, approaching my 30 year mark and looking to set up my ETF portfolio. Initially, I was thinking about a single-ETF portfolio (VWCE) or just two of them (IWDA 88% + EMIM 12 %), but after following Ben Felix's videos I'd like to try and capture the size and value factors as well. + +Therefore, lurking on this and other forums I've come up with the following split: + +- IWDA (IE00B4L5Y983) 60% +- EMIM (IE00BKM4GZ66) 20% +- IUSN (IE00BF4RFH31) 10% +- IWVL (IE00BP3QZB59) 10% + +I have a long investment horizon (20+ years) and I'm using tiered pricing on IBKR so each purchase should be 1-2 euros, well under a total of 10 I pay anyway monthly as an inactivity fee (fees are subtracted from that if any). I plan to invest monthly. + +I've ran backtesting using the [tool I've seen shared around here!](https://backtest.curvo.eu/), but most most of the time the difference is very small or greatly impacted by initial lump sum vs recurrent investing approach. + +I would appreciate if anyone could share thoughts or concerns about this portfolio split for a recurrent investor. + +Thanks in advance! +Hey, + +I'm looking for a broker and originally wanted to go to Degiro. However I have noticed Interactive Brokers mentioned around here lately (now that they supposedly dropped the inactivity fee and minimum balance requirement). I'm a small investor, interested in ETFs and maybe some stocks but I don't want to trade or anything, just buy once in a while. + +I am a bit confused about Interactive Brokers as I thought that it's mostly a US-oriented broker. Could anyone who has got experience with it please tell me how it works for Europeans? Can you buy the typical European ETFs there (e.g. VWCE)? Is there anything I should pay attention to as a European (fees etc.)? + +Which one of the two would you recommend? + +Thanks! +Hello + +&#x200B; + +i have been trading stocks on my local bank, but i really want to make a switch because 1) their website/platform is bad and 2) they dont even have iOS / Android apps. + +&#x200B; + +I have been considering Degiro, to be honest i already made an account, a "Basic" account. I haven't put any money yet and i thought that maybe i should make a "Custody" account as it might be safer? I read that if you have the Basic account if they go bankrupt your money is gone...and that you are not safe in general with a Basic Account? + +&#x200B; + +What are your thoughts? +*disclaimer/ already posted it on r/personalfinance to see the view of the fellow investors outside the EU. + +I wanted to ask you for your opinion on my ETF portfolio: + +Brief info in advance. + +I am from Europe. +I invest around €900 per month in 3 distributing ETFs. In my country, accumulating ETFs are taxed identically, so it doesn't make sense to switch from the dist ones. I chose the S&P500 ETF because of the low TER, in order to be able to overweight USA shares cheaply. + +1) Vanguard FTSE Developed World UCITS ETF (USD) Distributing = 66%. + +2) iShares Core S&P 500 UCITS ETF USD (Dist) - 17%. + +3) iShares Core MSCI EM IMI UCITS ETF USD (Dist) - 17% + +The only "downside" I can see (other than simply just investing in the slightly more expensive ACWI) is the slight overweight to South Korea. + +What would be your suggestions for improvement or your opinion on this? +Do you keep refinancing your rental properties to cash out until you die? Then, estate sale after your death? Some people told me this is one of the strategy they take but what happens to the mortgages? I guess it doesn’t matter since bank sell your house in the end? +Pandora Papers: + +Terabytes of data, 12,9 million documents, all detailing how billionaires and over 300 corrupt politicians have avoided taxes: + +And Crypto was not used a single time by them + + +How can it be that exactly the politicians who claim that crypto would be the main accelerator of financial crime and tax evasion have used exclusively the broken old financial system to do that which they blame crypto on supporting + +With Bitcoin every single transaction would be transparent on the blockchain, everyone could see where all the money is going: + +Wondering why they are so against it? The reason seems more obvious than ever +My friend and I have a rule for buying new games that come out these days. We say that we have to play the game for 1 hour for every dollar the game costs in order to get our worth out of it. So a 60 dollar game needs 60 hours of gameplay to be worth the purchase. A 30 dollar game needs 30 hours, etc. + + +I bought a share months ago at around 200. I think it's like 220 or something, I honestly couldn't tell you. But through all the memes I've read, wrinkles I've added to my brain reading DD, etc., I've gotten my 200 dollars worth of enjoyment out of this saga. The price could literally drop to 0 and I'll still say "damn that was money well spent" and then hop on dota 2 and add my 16,000th hour without a care in the world. + + +I'm never selling. Maybe not ever, even after the MOASS. It literally wouldn't affect my day-tp-day budget whatsoever, the money has already been written off as "well spent, worth doing again". + +Goodbye. +Hey guys. I started trading forex a month ago and have found myself getting extremely interested in everything about it. + +I've started looking into economics to help me predict further where a certain market or currency will go. + +Can anyone recommend a certain book or area of economics I should focus on that will help me with financial /currency trading? +Let's help each other grow here by listing main KEY things that make you lose your trades. Keep it simple but detailed with solutions if you wish so we can all learn from and grow. + +Mine: +- Placing trade once the steam/momentum has just run dry and requires a retracement +- Being overconfident and impatient (Rushing) +- Not trading my plan - simple but costly! +- Chasing a loss, trying to regain previous trade loss +- Depending on indicators too much +- Not checking News and Fundamentals before trade +- Going against the trend + + +That's the main ones I have made, mainly in the past but can still slip up once in a while if not on A Game! Hope this helps at least one person out here. What have been your main causes of losing trades? +I work for Apple... not in retail but as a corporate employee. I want to be the first Apple employee to have a portion of my salary paid in Bitcoin. Anyone got suggestions as to what a good way to pitch might be? + +There are 5 mangers between myself and Tim Cook. I need to make enough of a statement that my message gets forwarded up the chain 4 or 5 times, for consideration. I am not aware of any other Apple employees having attempted to make this happen. Any statements that you feel worthy of putting in my pitch or other tactics to persuade are totally welcomed. + +Thanks and hodl safe! + + + +———————————————— + +EDIT: I understand I can take my paycheck and buy crypto with it. Thanks for all who pointed that out. This is supposed to be about larger mainstream adoption. Encouraging apple to develop a wallet and employees to allocate a certain % of my base salary to be deposited in btc. I am well aware of coinbase and how I can purchase crypto with fiat currency. Apple always test internally first. This is a clear path to a bigger picture. +How much does this corona-virus correction (potentially bear market by the end of the week at the rate we are moving down) make you second guess your decision? Would you have went into retirement with different allocations? Making any changes now or riding the roller coaster? +We've been sitting here speculating on all the possibilities of what could launch MOASS, I don't think anyone ever said Bed Bath & Beyond would (possibly) be the catalyst to end all catalysts. This is just too fucking hilarious and far fetched to be real. They got fed up and said "fuck you hedgies, we're taking our shit back and you can suck a fat one!" and inadvertently brought the entire basket up with them, costing hedgies (probably, not sure which of these they've gone long on hoping to use as distractions) billions in a single AH session. + +Anyway, as many other, wrinklier apes have said today, all indicators are showing continued upwards movement, we've broken bullishly out of the MOAW and now BBBY comes out of left field throwing haymakers. + +My tits are too jacked, might need to seek medical attention. Can't fucking wait for premarket. + +As always, love you apes. Eat healthy, drop bad habits, keep these fucking titties jacked and get enough sleep. See you beautiful bastards on the moon. +Good Morning Apes! + +Well let's figure out what happened yesterday. First it was definitely ETF FTD covering but I'm still unsure as to how. ETF FTDs were due last week by Thursday and while there were some married put/call setups on the options chain I didn't see enough interest on the weeklies to explain that many FTDs. Yesterday was however the settlement date for my last futures cycle date on October 28th, I will honestly have no idea if those are correlated until the FTD report comes out for 11/1 - 11/15. Other ETF related assets yesterday... + +[Other ETF stocks yesterday scaled for price GME, M, JWN, BBBY, NAKD, EXPR, etc...there are a bunch more ](https://preview.redd.it/s9qsqycmf6x71.png?width=2452&format=png&auto=webp&s=704efc3209495b719242f5a399d17cf6ed73fda2) + +So, there was also probably so FOMO due to LoopRing running and it's possible ties to GME. + +In addition we had an amazing technical setup with MACD, ADX, TTM Squeeze and BBKC all signaling a break to the upside plus a solid bounce on the EMA 120. + +[GME on the 1D timescale](https://preview.redd.it/2x2rnr03h6x71.png?width=2449&format=png&auto=webp&s=0d2ce550b7dfec0ec42623715fc29377906cf5f6) + +I am still looking for the current FTD report for the first half of August as the SEC has appearently failed-to-deliver it. If it comes out today I will be looking for an FTD spike on the 13th confirming that futures fail, and looking for evidence of increasing baseline FTDs due to DRS. + +For more information on my futures theory please check out the clips on my YouTube channel. + +Check out this weeks analysis here: N/A + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +So with the FTD data out I'm looking to dig into some of that tonight and will update tomorrow, the FTD spike on the 13th confirms at least the first fail of my futures theory, so that's exciting. I'm not sure if the current price action will sustain throughout the week but it looks good and we are holding that long-term trend. Also best closing price. + +\- Gherkinit + +https://preview.redd.it/3bol28yxn8x71.png?width=703&format=png&auto=webp&s=71fc061351c8f9e797b26122be715c62da545025 + +Edit 6 2:07 + +XRT ripping GME ripping nothing to see here nice bounce off that consolidation and looking at a possible test of 210 again. + +https://preview.redd.it/mb9j9vp738x71.png?width=1595&format=png&auto=webp&s=23ed6801e211c078b81138b4fdd0f3d05db107a6 + +Edit 5 1:04 + +Sorry for the late update... We failed that upper test at 210 and tested again coming off that double-top we fell onto VWAP regained some support and have picked up a lower volume uptrend. If volume comes in we look well positioned for another test at 210. + +https://preview.redd.it/ztdye18cs7x71.png?width=1604&format=png&auto=webp&s=57871f4e7dbf73f0c5ee0324e57cae798ac49a1b + +Edit 4 10:40 + +Increased volume indicating a buy-in possibly institutional, failed the test at 206 coming down for some consolidation and to find a support + +https://preview.redd.it/tyfb89w627x71.png?width=1603&format=png&auto=webp&s=5f9e47c31efde9ffd26e12861697c68c4a1b1233 + +Edit 3 10:18 + +GME with a nice bounce and some volume coming in + +https://preview.redd.it/tll37mtay6x71.png?width=1601&format=png&auto=webp&s=5e4898319cf803be22127f551346e2f69e517da8 + +Edit 2 10:14 + +Volume dying off as we failed the test on the EMA60 back below VWAP + +https://preview.redd.it/tgceij6ix6x71.png?width=1590&format=png&auto=webp&s=6dc245eab9511707facc7d70d21da9df104e5544 + +Edit 1 9:51 + +Looks like they are done covering, 100k shares borrowed from Fidelity minutes before open and a big push down to 192. it looks like we found some support however and can probably claw back into that trend line. + +https://preview.redd.it/il19erslt6x71.png?width=1602&format=png&auto=webp&s=a19c363c168144bcb99da848cdc0f076ea8a87f5 + +# Pre-Market + +GME -0.54% on 16.32k volume + +Shares to borrow: + +IBKR - 50,000 + +Fidelity - 621,724 + +GME is still holding that upper trendline and we do expect some more gamma exposure to play out today because it's T+2 from 10/29 options. In addition LoopRing is still ripping and media sentiment tying the two together is bullish. + +Ideally we will see GME trade some volume above that trend and cement it as a support once again. + +[GME pre-market on the 1m](https://preview.redd.it/jzxq8qt3k6x71.png?width=1605&format=png&auto=webp&s=eb0c5637d3bb68d887f30c44400b351cd615363e) + +*\*no significant arbitrage* + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +My big dream when i retire is to buy a mid size boat, Silent Yacht 60 maybe, and live on it with my family. Leisurely cruising, maybe for the next 2 or 3 or 5 years, in Australia, NZ, Fiji, maybe other South Pacific waters. +But how about schooling for my kids? +I do think they need a trained teacher, additionally to the constant parental teaching. And the planned cruising time is too long for no academic progress. .With the private school fees i pay currently, almost 50 K USD per year for both, and bound to rise year by year, i guess i could also hire a private teacher to accompany us. +Does anybody have experience with private teachers in a similar situation? Would like to hear your stories and insights + +I should add that this is about 2 years from happening at the moment, so the children would be 7 and 10 at that time. + I can't undertand why anyone would risk a corporate bond default, when you can buy US Govt Treasuries with a full 1% higher interest rate. Am I missing something? Maybe large fund prefer corporates for some reason? Or maybe Corp Bond ETFs are having a hard time finding bonds so they are competing with each other and driving price up, and yields down? Makes no sense to me. + +https://i.imgur.com/xFF73FN.png + +EDIT Maybe these are just ridiculous bid/asks and have been sitting there a long time, since Vanguard isn't much of a bond exchange it seems. + +EDIT Turns out only one of them is non callable, a J&J bond expiring one year from now, with yield at ask of 4.034%, (based on bid of 102.5% of face due to 6.7 coupon), so still weird to me. So still the same issue, but really only one bond shows it clearly. +https://i.imgur.com/5e9zqnk.png +I used to carry mail and the postal service has been showing signs of trying to trainwreck their own business for a long time. + +Lo and behold: + +https://www.reddit.com/r/Superstonk/comments/tz2k7r/bcg_and_the_united_states_postal_service/ /u/pmmewifenudesucuck nice find + + +https://about.usps.com/future-postal-service/bcg-detailedpresentation.pdf + +https://about.usps.com/strategic-planning/cs10/CSPO_12_2010_FINAL_005.htm + +This says they're also involved in the postal service of other nations too: https://www.workers.org/2013/08/10387/amp/ + +https://www.savethepostoffice.com/postal-service-unrolls-its-five-year-plan/?amp=1 + +https://www.washingtonpost.com/news/wonk/wp/2013/11/11/at-this-point-amazon-really-might-as-well-just-buy-the-postal-service/ + +https://www.nextgov.com/it-modernization/2010/03/technology-the-problem-and-solution-for-postal-services-238-billion-shortfall/46105/